Lloyd B. Harrison III - Dec 6, 2021 Form 4 Insider Report for PARTNERS BANCORP (PTRS)

Role
Chief Executive Officer, Director
Signature
J. Adam Sothen, as attorney-in-fact
Stock symbol
PTRS
Transactions as of
Dec 6, 2021
Transactions value $
$175,261
Form type
4
Date filed
12/7/2021, 11:56 AM
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTRS Common Stock Options Exercise $35K +6.01K +4.46% $5.83 141K Dec 6, 2021 Direct
transaction PTRS Common Stock Options Exercise $65.1K +11.2K +7.93% $5.83 152K Dec 6, 2021 Direct
transaction PTRS Common Stock Options Exercise $75.1K +12.9K +8.48% $5.83 165K Dec 6, 2021 Direct
holding PTRS Common Stock 34.4K Dec 6, 2021 Held in spouse's IRA account 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 PTRS Stock Option (right to buy) Options Exercise $0 -6.01K -100% $0.00* 0 Dec 6, 2021 Common Stock 6.01K $5.83 Direct F2
transaction PTRS Stock Option (right to buy) Options Exercise $0 -11.2K -100% $0.00* 0 Dec 6, 2021 Common Stock 11.2K $5.83 Direct F3
transaction PTRS Stock Option (right to buy) Options Exercise $0 -12.9K -100% $0.00* 0 Dec 6, 2021 Common Stock 12.9K $5.83 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 or for any other purpose.
F2 The option became exercisable in three equal installments on January 19, 2013, January 19, 2014, and January 19, 2015.
F3 The option became exercisable in three equal installments on January 17, 2014, January 17, 2015, and January 17, 2016.
F4 The option became exercisable in three equal installments on February 25, 2015, February 25, 2016, and February 25, 2017.