X0201 42003-08-121 0000736473 F&M BANCORP FMBN 0001242476 BOWEN HOWARD B 9651 OLD NATIONAL PIKE HAGERSTOWN MD 21740 1000Common Stock2003-08-124D08645.1D0DNon-Qualified Stock Option (right to buy)13.092003-08-124D01018D1996-05-162005-12-16Common Stock10180DNon-Qualified Stock Option (right to buy)18.252003-08-124D0875D2000-10-192010-04-19Common Stock8750DNon-Qualified Stock Option (right to buy)25.052003-08-124D0869D2001-10-182011-04-18Common Stock8690DNon-Qualified Stock Option (right to buy)27.12003-08-124D0878D2002-10-172012-04-17Common Stock8780DNon-Qualified Stock Option (right to buy)30.832003-08-124D0309D1999-10-212009-04-21Common Stock3090DDisposed of pursuant to the Agreement and Plan of Merger, dated as of March 13, 2003, between issuer and Mercantile Bankshares Corporation. Each holder of shares of issuer common stock will be entitled to receive $50.3703 in cash, 1.2470 shares of Mercantile common stock or a combination thereof, subject to allocation provisions.This option was assumed by Mercantile in the merger and replaced with an option to purchase 1,269 shares of Mercantile common stock for $10.5009 per share.This option was assumed by Mercantile in the merger and replaced with an option to purchase 1,091 shares of Mercantile common stock for $14.6368 per share.This option was assumed by Mercantile in the merger and replaced with an option to purchase 1,083 shares of Mercantile common stock for $20.1001 per share.This option was assumed by Mercantile in the merger and replaced with an option to purchase 1,094 shares of Mercantile common stock for $21.7494 per share.This option was assumed by Mercantile in the merger and replaced with an option to purchase 385 shares of Mercantile common stock for $24.7441 per share.Howard B. Bowen By: /s/ Gordon M. Cooley Attorney-in-fact2003-08-14