Matthew R. Lemke - 03 Dec 2021 Form 4 Insider Report for County Bancorp, Inc.

Role
CHIEF RETAIL & DEPOSIT OFFICER
Signature
/s/ Timothy J. Schneider, POA
Issuer symbol
N/A
Transactions as of
03 Dec 2021
Net transactions value
-$75,165
Form type
4
Filing time
06 Dec 2021, 14:25:30 UTC
Previous filing
06 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICBK COMMON STOCK Disposed to Issuer -5,406 -100% 0 03 Dec 2021 Direct F1

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 ICBK EMPLOYEE STOCK OPTION (right to buy) Disposed to Issuer $17,366 -1,196 -100% $14.52 0 03 Dec 2021 COMMON STOCK 1,196 $20.92 Direct F2
transaction ICBK EMPLOYEE STOCK OPTION (right to buy Disposed to Issuer $8,402 -472 -100% $17.80 0 03 Dec 2021 COMMON STOCK 472 $17.64 Direct F3
transaction ICBK EMPLOYEE STOCK OPTION (right to buy Disposed to Issuer $49,397 -2,882 -100% $17.14 0 03 Dec 2021 COMMON STOCK 2,882 $18.30 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Matthew R. Lemke is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share of the issuer's common stock was disposed of pursuant to the Agreement and Plan of Merger between the issuer and Nicolet Bankshares, Inc. ("Nicolet") in exchange for either 0.48 shares of Nicolet common stock or $37.18 in cash. Each share of Nicolet common stock had a closing market value of $74.19 per share on the effective date of the merger.
F2 This option was canceled in the merger in exchange for a cash payment of $14.52, representing the difference between the exercise price of the option and the product of the volume weighted average closing price of Nicolet common stock over the 20 trading day period immediately preceding the second trading day prior to December 3rd (equal to $73.84 per share) multiplied by the exchange ratio of 0.48.
F3 This option was canceled in the merger in exchange for a cash payment of $17.80, representing the difference between the exercise price of the option and the product of the volume weighted average closing price of Nicolet common stock over the 20 trading day period immediately preceding the second trading day prior to December 3rd (equal to $73.84 per share) multiplied by the exchange ratio of 0.48.
F4 This option was canceled in the merger in exchange for a cash payment of $17.14, representing the difference between the exercise price of the option and the product of the volume weighted average closing price of Nicolet common stock over the 20 trading day period immediately preceding the second trading day prior to December 3rd (equal to $73.84 per share) multiplied by the exchange ratio of 0.48.