0001225385-20-000113.txt : 20200505 0001225385-20-000113.hdr.sgml : 20200505 20200505130139 ACCESSION NUMBER: 0001225385-20-000113 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200505 FILED AS OF DATE: 20200505 DATE AS OF CHANGE: 20200505 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Snead George P. CENTRAL INDEX KEY: 0001811080 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39285 FILM NUMBER: 20847969 MAIL ADDRESS: STREET 1: C/O DELMAR BANCORP STREET 2: 2245 NORTHWOOD DRIVE CITY: SALISBURY STATE: MD ZIP: 21801 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DELMAR BANCORP CENTRAL INDEX KEY: 0000832090 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 521559535 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2245 NORTHWOOD DRIVE CITY: SALISBURY STATE: MD ZIP: 21801 BUSINESS PHONE: 410-548-1100 MAIL ADDRESS: STREET 1: 2245 NORTHWOOD DRIVE CITY: SALISBURY STATE: MD ZIP: 21801 3 1 edgar.xml PRIMARY DOCUMENT X0206 3 2020-05-05 0 0000832090 DELMAR BANCORP DBCP 0001811080 Snead George P. C/O DELMAR BANCORP 2245 NORTHWOOD DRIVE SALISBURY MD 21801 1 0 0 0 Common Stock 14601 D Stock Option (right to buy) 5.83 2022-02-20 Common Stock 1546 D Stock Option (right to buy) 5.83 2023-02-18 Common Stock 1546 D Stock Option (right to buy) 5.83 2024-02-24 Common Stock 1546 D The common stock reported herein is common stock of the Issuer. On November 15, 2019, Virginia Partners Bank ("Partners") was acquired by the Issuer through an exchange of shares in an all-stock transaction (the "Share Exchange"). At the effective time of the Share Exchange, each share of Partners common stock was exchanged for 1.7179 shares of Issuer common stock. The number of shares reflects the Reporting Person's holdings following the Share Exchange. The option became exercisable in three equal annual installments on February 21, 2013, February 21, 2014, and February 21, 2015. The option became exercisable in three equal annual installments on February 19, 2014, February 19, 2015, and February 19, 2016. The option became exercisable in three equal annual installments on February 25, 2015, February 25, 2016, and February 25, 2017. The options reported herein are options to purchase common stock of the Issuer. At the effective time of the Share Exchange, each outstanding option to purchase shares of common stock of Partners was assumed by the Issuer and converted into an option to purchase shares of the Issuer's common stock, and the exercise price for each option was correspondingly adjusted. The number of shares reflects the Reporting Person's holdings following such conversion, and the exercise price reflects the exercise price following such conversion. J. Adam Sothen, as attorney-in-fact 2020-05-05 EX-24 2 poa_snead.txt POA_SNEAD SECTION 16 POWER OF ATTORNEY I, George P. Snead, do hereby constitute and appoint J. Adam Sothen, Betsy J. Eicher, Ingrid Thomas, Shannon V. Patterson and Elizabeth P. Davis and my true and lawful attorneys-in-fact, any of whom acting singly is hereby authorized, for me and in my name and on my behalf as a director, officer and/or shareholder of Delmar Bancorp, to (i) prepare, execute in my name and on my behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") a Form ID, including any necessary amendments thereto, and any other documents necessary or appropriate to obtain or update codes and passwords enabling me to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC in respect thereof; and (ii) prepare, execute and file any and all forms, instruments or documents, including any necessary amendments thereto, as such attorneys or attorney deems necessary or advisable to enable me to comply with Section 16 of the Securities Exchange Act of 1934 or any rule or regulation of the SEC in respect thereof (collectively, "Section 16"). I do hereby ratify and confirm all acts my said attorney shall do or cause to be done by virtue hereof. I acknowledge that the foregoing attorneys-in-fact, serving in such capacity at my request, are not assuming, nor is Delmar Bancorp assuming, any of my responsibilities to comply with Section 16. This power of attorney shall remain in full force and effect until it is revoked by the undersigned in a signed writing delivered to each such attorney-in-fact or the undersigned is no longer required to comply with Section 16, whichever occurs first. WITNESS the execution hereof this 28th day of April, 2020. /s/ George P. Snead George P. Snead