David S. Jones - Oct 31, 2021 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Director
Signature
/s/ Edward C. Allen/POA
Stock symbol
SHBI
Transactions as of
Oct 31, 2021
Transactions value $
$0
Form type
4
Date filed
11/2/2021, 05:22 PM
Previous filing
Oct 8, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Award +4.41K 4.41K Oct 31, 2021 Direct F1
transaction SHBI Common Stock Award +10.7K 10.7K Oct 31, 2021 As Custodian for Children F2
transaction SHBI Common Stock Award +17.2K 17.2K Oct 31, 2021 By Company F3, F4
transaction SHBI Common Stock Award +2.54K 2.54K Oct 31, 2021 By Trust F5
transaction SHBI Common Stock Award +10.3K 10.3K Oct 31, 2021 By LLC F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 7,100 shares of Severn Bancorp, Inc.("SVBI") common stock in connection with the merger of SVBI into the Issuer (the "Merger"). On the effective date of the Merger, the closing price of SVBI's common stock was $13.63 per share, and the closing price of the Issuer's common stock was $18.48 per share.
F2 Received in exchange for 17,287 shares of SVBI common stock in connection with the Merger. On the effective date of the Merger, the closing price of SVBI's common stock was $13.63 per share, and the closing price of the Issuer's common stock was $18.48 per share.
F3 Received in exchange for 27,699 shares of SVBI common stock in connection with the Merger. On the effective date of the Merger, the closing price of SVBI's common stock was $13.63 per share, and the closing price of the Issuer's common stock was $18.48 per share.
F4 Shares owned by Southern Drywell, Inc., of which Mr. Jones has a 50% interest as a co-owner.
F5 Received in exchange for 4,089 shares of SVBI common stock in connection with the Merger. On the effective date of the Merger, the closing price of SVBI's common stock was $13.63 per share, and the closing price of the Issuer's common stock was $18.48 per share.
F6 Received in exchange for 16,619 shares of SVBI common stock in connection with the Merger. On the effective date of the Merger, the closing price of SVBI's common stock was $13.63 per share, and the closing price of the Issuer's common stock was $18.48 per share.
F7 Shares owned by Sonne Capital LLC, of which Mr. Jones is a 20% owner of with his sons and brother.