Mark J. Herman - 01 Apr 2022 Form 4 Insider Report for Level One Bancorp Inc

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 01 Apr 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Apr 2022, 10:04:12 UTC
Prior SEC filing: 18 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ David C. Walker, attorney-in-fact

Key filing fact

Mark J. Herman filed Form 4 for Level One Bancorp Inc on 06 Apr 2022.

Key facts

This page summarizes Mark J. Herman's Form 4 filing for Level One Bancorp Inc.
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 06 Apr 2022, 10:04.

Change

Previous filing in this sequence was filed on 18 Feb 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LEVL transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -38,215
Change %: -100%
Price
Shares after: 0
Date: 01 Apr 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LEVL transaction Derivative

Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -3,500
Change %: -100%
Price
Shares after: 0
Date: 01 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,500
Exercise price: $20.75
Footnotes: F2, F3

LEVL transaction Derivative

Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -5,000
Change %: -100%
Price
Shares after: 0
Date: 01 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,000
Exercise price: $18.65
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Mark J. Herman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

These options vest in three equal annual installments beginning one year after the 2/18/2016 date of grant.

Footnote 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).

Footnote F4

These options vest in three equal annual installments beginning one year after the 9/17/2015 date of grant.