0001737004-22-000003.txt : 20220406
0001737004-22-000003.hdr.sgml : 20220406
20220406100530
ACCESSION NUMBER: 0001737004-22-000003
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220401
FILED AS OF DATE: 20220406
DATE AS OF CHANGE: 20220406
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mackay Timothy R.
CENTRAL INDEX KEY: 0001737004
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38458
FILM NUMBER: 22809675
MAIL ADDRESS:
STREET 1: 32991 HAMILTON COURT
CITY: FARMINGTON HILLS
STATE: MI
ZIP: 48334
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Level One Bancorp Inc
CENTRAL INDEX KEY: 0001412707
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 711015624
STATE OF INCORPORATION: MI
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 32991 HAMILTON COURT
CITY: Farmington Hills
STATE: MI
ZIP: 48334
BUSINESS PHONE: 248-737-0300
MAIL ADDRESS:
STREET 1: 32991 HAMILTON COURT
CITY: Farmington Hills
STATE: MI
ZIP: 48334
4
1
wf-form4_164925391534935.xml
FORM 4
X0306
4
2022-04-01
1
0001412707
Level One Bancorp Inc
LEVL
0001737004
Mackay Timothy R.
32991 HAMILTON COURT
FARMINGTON HILLS
MI
48334
0
1
0
0
EVP, Consumer Banking Officer
Common Stock
2022-04-01
4
D
0
23912
D
0
D
Option (Right to Buy)
10.58
2022-04-01
4
D
0
7500
D
2023-02-21
Common Stock
7500.0
0
D
Option (Right to Buy)
13.5
2022-04-01
4
D
0
7000
D
2024-07-17
Common Stock
7000.0
0
D
Option (Right to Buy)
17.15
2022-04-01
4
D
0
6604
D
2025-07-16
Common Stock
6604.0
0
D
Option (Right to Buy)
20.75
2022-04-01
4
D
0
6039
D
2026-02-18
Common Stock
6039.0
0
D
Option (Right to Buy)
24.8
2022-04-01
4
D
0
5000
D
2028-02-15
Common Stock
5000.0
0
D
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.
These options vest in three equal annual installments beginning one year after the 2/21/2013 date of grant.
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).
These options vest in three equal annual installments beginning one year after the 7/17/2014 date of grant.
These options vest in three equal annual installments beginning one year after the 7/16/2015 date of grant.
These options vest in three equal annual installments beginning one year after the 2/18/2016 date of grant.
These options vest in three equal annual installments beginning one year after the 2/15/2018 date of grant.
/s/ David C. Walker, attorney-in-fact
2022-04-05