0001171843-19-007798.txt : 20191125
0001171843-19-007798.hdr.sgml : 20191125
20191125131749
ACCESSION NUMBER: 0001171843-19-007798
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: Gingles Andre J
CENTRAL INDEX KEY: 0001495917
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50345
FILM NUMBER: 191245088
MAIL ADDRESS:
STREET 1: OLD LINE BANK
STREET 2: 1525 POINTER RIDGE PLACE
CITY: BOWIE
STATE: MD
ZIP: 20716
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
0001495917
Gingles Andre J
1525 POINTER RIDGE PLACE
BOWIE
MD
20716
1
0
0
0
Common Stock
2019-11-22
4
D
0
57448
D
0
D
Stock options
17.75
2019-11-22
4
D
0
1200
D
2016-02-24
2026-02-23
Common Stock
1200
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.
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.
/s/ Elise M. Adams, Attorney-in-Fact
2019-11-25