Eva D. Scurlock - 01 Apr 2022 Form 4 Insider Report for Level One Bancorp Inc

Role
EVP, Risk Management Officer
Signature
/s/ David C. Walker, attorney-in-fact
Issuer symbol
N/A
Transactions as of
01 Apr 2022
Net transactions value
$0
Form type
4
Filing time
05 Apr 2022, 19:50:25 UTC
Previous filing
23 Mar 2022
Next filing
14 Jan 2026
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEVL Common Stock Disposed to Issuer -14,312 -100% 0 01 Apr 2022 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 LEVL Option (Right to Buy) Disposed to Issuer -3,000 -100% 0 01 Apr 2022 Common Stock 3,000 $10.82 Direct F2, F3
transaction LEVL Option (Right to Buy) Disposed to Issuer -6,500 -100% 0 01 Apr 2022 Common Stock 6,500 $13.50 Direct F3, F4
transaction LEVL Option (Right to Buy) Disposed to Issuer -6,500 -100% 0 01 Apr 2022 Common Stock 6,500 $17.15 Direct F3, F5
transaction LEVL Option (Right to Buy) Disposed to Issuer -7,000 -100% 0 01 Apr 2022 Common Stock 7,000 $20.75 Direct F3, F6
transaction LEVL Option (Right to Buy) Disposed to Issuer -5,000 -100% 0 01 Apr 2022 Common Stock 5,000 $24.80 Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eva D. Scurlock is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated November 4, 2021 (the "Merger Agreement"), between First Merchants Corporation ("First Merchants") and Level One Bancorp, Inc. ("Level One"), each share of Level One common stock held by the reporting person was converted into the right to receive 0.7167 shares of First Merchants common stock and $10.17 in cash.
F2 These options vest in three equal annual installments beginning one year after the 5/16/2013 date of grant.
F3 Pursuant to the Merger Agreement, this option was converted into an option with respect to a number of shares of First Merchants common stock equal to the number of shares subject to such stock option, multiplied by the Option Conversion Ratio (as defined in the Merger Agreement).
F4 These options vest in three equal annual installments beginning one year after the 7/17/2014 date of grant.
F5 These options vest in three equal annual installments beginning one year after the 7/16/2015 date of grant.
F6 These options vest in three equal annual installments beginning one year after the 2/18/2016 date of grant.
F7 These options vest in three equal annual installments beginning one year after the 2/15/2018 date of grant.