X0201 42003-08-121 0000736473 F&M BANCORP FMBN 0001242479 PHOEBUS RICHARD W SR C/O F&M BANCORP, P.O. BOX 518 FREDERICK MD 21705 1000Common Stock2003-08-124M017927.1A20137DCommon Stock2003-08-124F017950.3703D20316DCommon Stock2003-08-124D020316D0DCommon Stock2003-08-124D0571D0Iby SpouseNon-Qualified Stock Option (right to buy)27.12003-08-124D018023.2703D2002-10-172012-04-17Common Stock180179DNon-Qualified Stock Option (right to buy)27.12003-08-124M01790D2002-10-172012-04-17Common Stock1790DDisposed 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.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.Richard W. Phoebus, Sr. By: /s/ Gordon M. Cooley Attorney-in-fact2003-08-14