0001171843-19-007786.txt : 20191125
0001171843-19-007786.hdr.sgml : 20191125
20191125125729
ACCESSION NUMBER: 0001171843-19-007786
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191122
FILED AS OF DATE: 20191125
DATE AS OF CHANGE: 20191125
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Semanie Mark A
CENTRAL INDEX KEY: 0001347114
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50345
FILM NUMBER: 191244996
MAIL ADDRESS:
STREET 1: 1200 CORINTHIAN COURT
CITY: BEL AIR
STATE: MD
ZIP: 21014
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: OLD LINE BANCSHARES INC
CENTRAL INDEX KEY: 0001253317
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 200154352
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1525 POINTER RIDGE PLACE
CITY: BOWIE
STATE: MD
ZIP: 20716
BUSINESS PHONE: 3014302544
MAIL ADDRESS:
STREET 1: 1525 POINTER RIDGE PLACE
CITY: BOWIE
STATE: MD
ZIP: 20716
4
1
ownership.xml
X0306
4
2019-11-22
1
0001253317
OLD LINE BANCSHARES INC
OLBK
0001347114
Semanie Mark A
1525 POINTER RIDGE PLACE
BOWIE
MD
20716
0
1
0
0
EVP, Chief Operating Officer
Common Stock
2019-11-22
4
D
0
19636
D
0
D
Stock options
16.76
2019-11-22
4
D
0
5977
D
2024-02-25
Common Stock
5977
0
D
Stock options
14.38
2019-11-22
4
D
0
5287
D
2025-02-24
Common Stock
5287
0
D
Stock options
17.75
2019-11-22
4
D
0
6539
D
2026-02-23
Common Stock
6539
0
D
On November 22, 2019, Old Line Bancshares, Inc. ("Old Line") completed its previously announced merger (the "Merger") with Wesbanco, Inc. ("Wesbanco"), pursuant to an Agreement and Plan of Merger, dated as of July 23, 2019, by and among Wesbanco, Wesbanco Bank, Inc, Old Line and Old Line Bank. In accordance with the terms of the Merger Agreement, at the effective time of the Merger each share of Old Line common stock issued an outstanding immediately prior to the Merger was converted into the right to receive 0.7844 of a share of common stock of Wesbanco ("Exchange Ratio") plus cash in lieu of any fractional share of Wesbanco common stock equal to the product of $37.81 and the fraction of a share to which such holder would otherwise have been entitled. On November 22, 2019, the effective date of the Merger, the closing price of Wesbanco common stock on the Nasdaq Global Select Market was $36.75 per share.
The stock options vested in three equal installments beginning February 26, 2015.
All options were assumed by Wesbanco in the Merger and converted into an option to purchase the number of shares of Wesbanco common stock equal to the product of the number of shares of Old Line common stock subject to such option multiplied by the Exchange Ratio, at an exercise price equal to the quotient of the exercise price per share of Old Line common stock subject to such option divided by the Exchange Ratio.
The stock options vested in three equal installments beginning on February 25, 2016.
The stock options vested in three equal installments beginning on February 24, 2017.
/s/ Elise M. Adams, Attorney-in-Fact
2019-11-25