Eric M. Keitz - 27 Jul 2021 Form 4 Insider Report for SEVERN BANCORP INC

Role
Director
Signature
Eric M. Keitz
Issuer symbol
N/A
Transactions as of
27 Jul 2021
Net transactions value
+$39,900
Form type
4
Filing time
27 Jul 2021, 17:31:11 UTC
Next filing
24 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVBI Common Stock Options Exercise $11,500 +2,000 +5% $5.75 42,000 27 Jul 2021 Direct
transaction SVBI Common Stock Options Exercise $28,400 +4,000 +9.5% $7.10 46,000 27 Jul 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -2,000 -100% 0 27 Jul 2021 Common Stock 2,000 $5.75 Direct F6
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -4,000 -25% 12,000 27 Jul 2021 Common Stock 16,000 $7.10 Direct F5
holding SVBI Employee Stock Option (Right to Buy) 1,500 27 Jul 2021 Common Stock 1,500 $7.10 Direct F4
holding SVBI Employee Stock Option (Right to Buy) 2,000 27 Jul 2021 Common Stock 2,000 $6.80 Direct F1
holding SVBI Employee Stock Option (Right to Buy) 4,000 27 Jul 2021 Common Stock 4,000 $7.10 Direct F2
holding SVBI Employee Stock Option (Right to Buy) 1,500 27 Jul 2021 Common Stock 1,500 $8.26 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options vest over a 5-year period beginning November 22, 2017.
F2 Options vest over a 5-year period beginning December 19, 2018.
F3 Options vest over a 5-year period beginning February 25, 2021.
F4 Options vest over a 5-year period beginning December 22, 2021
F5 Options vest over a 5-year period beginning August 23, 2018.
F6 These stock options were granted on December 22, 2015, and vested and became exercisable in five equal installments on the first five anniversaries of the grant date.