0001225385-20-000108.txt : 20200505
0001225385-20-000108.hdr.sgml : 20200505
20200505125453
ACCESSION NUMBER: 0001225385-20-000108
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200505
FILED AS OF DATE: 20200505
DATE AS OF CHANGE: 20200505
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Harrison Lloyd B. III
CENTRAL INDEX KEY: 0001810987
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39285
FILM NUMBER: 20847947
MAIL ADDRESS:
STREET 1: C/O DELMAR BANCORP
STREET 2: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DELMAR BANCORP
CENTRAL INDEX KEY: 0000832090
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 521559535
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
BUSINESS PHONE: 410-548-1100
MAIL ADDRESS:
STREET 1: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
3
1
edgar.xml
PRIMARY DOCUMENT
X0206
3
2020-05-05
0
0000832090
DELMAR BANCORP
DBCP
0001810987
Harrison Lloyd B. III
C/O DELMAR BANCORP
2245 NORTHWOOD DRIVE
SALISBURY
MD
21801
1
1
0
0
Chief Executive Officer
Common Stock
119290
D
Common Stock
34358
I
Held in spouse's IRA account
Stock Option (right to buy)
5.83
2020-12-20
Common Stock
7730
D
Stock Option (right to buy)
5.83
2022-01-18
Common Stock
6012
D
Stock Option (right to buy)
5.83
2023-01-16
Common Stock
11166
D
Stock Option (right to buy)
5.83
2024-02-24
Common Stock
12884
D
The common stock reported herein is common stock of the Issuer. On November 15, 2019, Virginia Partners Bank ("Partners") was acquired by the Issuer through an exchange of shares in an all-stock transaction (the "Share Exchange"). At the effective time of the Share Exchange, each share of Partners common stock was exchanged for 1.7179 shares of Issuer common stock. The number of shares reflects the Reporting Person's holdings following the Share Exchange.
The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 or for any other purpose.
The option became exercisable in three equal installments on December 21, 2011, December 21, 2012, and December 21, 2013.
The option became exercisable in three equal installments on January 19, 2013, January 19, 2014, and January 19, 2015.
The option became exercisable in three equal installments on January 17, 2014, January 17, 2015, and January 17, 2016.
The option became exercisable in three equal installments on February 25, 2015, February 25, 2016, and February 25, 2017.
The options reported herein are options to purchase common stock of the Issuer. At the effective time of the Share Exchange, each outstanding option to purchase shares of common stock of Partners was assumed by the Issuer and converted into an option to purchase shares of the Issuer's common stock, and the exercise price for each option was correspondingly adjusted. The number of shares reflects the Reporting Person's holdings following such conversion, and the exercise price reflects the exercise price following such conversion.
J. Adam Sothen, as attorney-in-fact
2020-05-05
EX-24
2
poa_harrison.txt
POA_HARRISON
SECTION 16
POWER OF ATTORNEY
I, Lloyd B. Harrison, III, do hereby constitute
and appoint J. Adam Sothen, Betsy J. Eicher,
Ingrid Thomas, Shannon V. Patterson and
Elizabeth P. Davis my true and lawful
attorneys-in-fact, any of whom acting singly is
hereby authorized, for me and in my name and on
my behalf as a director, officer and/or shareholder
of Delmar Bancorp, to (i) prepare, execute in my
name and on my behalf, and submit to the U.S. Securities
and Exchange Commission (the "SEC") a Form ID, including
any necessary amendments thereto, and any other documents
necessary or appropriate to obtain or update codes and
passwords enabling me to make electronic filings with the SEC
of reports required by Section 16(a) of the Securities
Exchange Act of 1934 or any rule or regulation of the SEC
in respect thereof; and (ii) prepare, execute and file any
and all forms, instruments or documents, including any necessary
amendments thereto, as such attorneys or attorney deems necessary or
advisable to enable me to comply with Section 16 of the Securities
Exchange Act of 1934 or any rule or regulation of the SEC in respect
thereof (collectively, "Section 16").
I do hereby ratify and confirm all acts my said attorney shall
do or cause to be done by virtue hereof. I acknowledge that
the foregoing attorneys-in-fact, serving in such capacity at
my request, are not assuming, nor is Delmar Bancorp assuming,
any of my responsibilities to comply with Section 16.
This power of attorney shall remain in full force and effect
until it is revoked by the undersigned in a signed writing
delivered to each such attorney-in-fact or the undersigned
is no longer required to comply with Section 16, whichever
occurs first.
WITNESS the execution hereof this 28th day of April, 2020.
/s/ Lloyd B. Harrison, III
Lloyd B. Harrison, III