Alan J. Hyatt - Oct 31, 2021 Form 4/A - Amendment 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/A - Amendment
Date filed
11/9/2021, 04:26 PM
Date Of Original Report
Nov 2, 2021
Previous filing
Oct 14, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Award +1.07M +237104.44% 1.07M Oct 31, 2021 Direct F1, F2, F3
transaction SHBI Common Stock Award +388K 388K Oct 31, 2021 By Trust F1, F4, F5
transaction SHBI Common Stock Award +171K 171K Oct 31, 2021 By Trust F1, F6, F7
transaction SHBI Common Stock Award +75.3K 75.3K Oct 31, 2021 By Trust F1, F8, F9
transaction SHBI Common Stock Award +53.7K 53.7K Oct 31, 2021 By Trust F1, F10, F11
transaction SHBI Common Stock Award +7.6K 7.6K Oct 31, 2021 By Partnership F1, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4 failed to include additional shares of Severn Bancorp, Inc.("SVBI") common stock converted in connection with the merger of SVBI into the Issuer (the "Merger").
F2 Received in exchange for a total of 1,718,979 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 Includes 853,191 shares jointly owned by Alan J. Hyatt and his spouse Sharon G. Hyatt.
F4 Received in exchange for 625,594 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.
F5 Shares are held in the Frances G. Hyatt State Exempt Marital Trust, of which the reporting person is a co-trustee and disclaims ownership except to the extent of his pecuniary interest.
F6 Received in exchange for 275,000 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 are held in the Frances G. Hyatt Residuary Trust, of which the reporting person is a co-trustee and disclaims ownership except to the extent of his pecuniary interest.
F8 Received in exchange for 121,368 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.
F9 Shares are held in the Louis Hyatt Revocable Trust, of which the reporting person is a co-trustee and disclaims ownership except to the extent of his pecuniary interest.
F10 Received in exchange for 86,595 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.
F11 Shares are held in the Frances G. Hyatt Fed GST EX MED Trust, of which the reporting person is a co-trustee and disclaims ownership except to the extent of his pecuniary interest.
F12 Received in exchange for 12,250 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.
F13 Shares are held in the Crownsville Family Limited Partnership, of which the reporting person is the general partner and disclaims ownership except to the extent of his pecuniary interest.