X0306 4 2015-01-20 0000275119 BAYLAKE CORP BYLK 0001621165 Bondowski Richard H 217 N 4TH AVE STURGEON BAY WI 54235 1 SVP - Dir. of Sales & Mkting Restricted Stock Units 2015-01-20 2015-01-20 4 A 0 1281 0 A 1281 D The aggregate restricted stock units were granted on 1/20/2015 and vest annually pro rata over a five year period on the first through fifth anniversaries of the grant date. Upon the vesting date, the restricted stock units are converted into shares of common stock under direct ownership of the holder. /s/ Tasha M. Rass, Attorney-in-fact for Richard H. Bondowski 2015-01-21