X0201 42003-08-121 0000736473 F&M BANCORP FMBN 0001239777 SIMMONS KAYE A C/O F&M BANCORP, P.O. BOX 518 FREDERICK MD 21705 0100EVP, Chief Financial OfficerCommon Stock2003-08-124M011619.529.75A11619.5DCommon Stock2003-08-124F011619.550.3703D0DCommon Stock2003-08-124M01194330.09A11943DCommon Stock2003-08-124F01194350.3703D0DIncentive Stock Option (right to buy)24.562003-08-124D04310D2011-02-20Common Stock43100DIncentive Stock Option (right to buy)29.752003-08-124D011619.520.6203D2012-06-17Common Stock11619.512312.5DIncentive Stock Option (right to buy)29.752003-08-124M011619.50D2012-06-17Common Stock11619.5693DIncentive Stock Option (right to buy)29.752003-08-124D0693D2012-06-17Common Stock6930DIncentive Stock Option (right to buy)30.092003-08-124D01194320.2803D2013-02-18Common Stock1194311943DIncentive Stock Option (right to buy)30.092003-08-124M0119430D2013-02-18Common Stock119430DThis option, which provided for vesting in 4 equal annual installments beginning February 20, 2002, was assumed by Mercantile in the merger and replaced with an option to purchase 5,374 shares of Mercantile common stock for $19.6974 per share.This option provided for vesting in 4 equal installments beginning on June 17, 2003.Pursuant to each of the option agreements, as amended, governing such options, 50% of the option was surrendered to the issuer and each surrendered share was cancelled in exchange for the difference between $50.3703 and the exercise price per share.This option, which provided for vesting in 4 equal annual installments beginning June 17, 2003, was assumed by Mercantile in the merger and replaced with an option to purchase 864 shares of Mercantile common stock for $23.8620 per share.This option provided for vesting in 4 equal installments beginning on February 18, 2004.Kaye A. Simmons By: /s/Gordon M. Cooley Attorney-in-fact2003-08-14