0001225385-20-000115.txt : 20200505 0001225385-20-000115.hdr.sgml : 20200505 20200505130523 ACCESSION NUMBER: 0001225385-20-000115 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: Tamburro James A. CENTRAL INDEX KEY: 0001810965 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39285 FILM NUMBER: 20847992 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 0001810965 Tamburro James A. C/O DELMAR BANCORP 2245 NORTHWOOD DRIVE SALISBURY MD 21801 1 0 0 0 Common Stock 14680 D Common Stock 700 I By spouse Common Stock 556 I By spouse's IRA Common Stock 585 I By spouse as custodian for children Common Stock 36 I As custodian for child Stock Option (right to buy) 4.14 2023-03-26 Common Stock 1028 D The common stock reported herein is common stock of the Issuer. On March 1, 2018, Liberty Bell Bank was acquired by the Issuer (the "Acquisition"), in which Liberty Bell Bank shareholders received 0.2857 shares of the Issuer's common stock for each share of Liberty Bell Bank common stock, or cash consideration, or a combination thereof. The number of shares reflects the Reporting Person's holdings following the Acquisition. The option was originally exercisable in five equal annual installments on March 26, 2014, March 26, 2015, March 26, 2016, March 26, 2017, and March 27, 2018; however, the option became fully exercisable in connection with the Acquisition. The option reported herein is an option to purchase common stock of the Issuer. At the effective time of the Acquisition, each outstanding option to purchase shares of common stock of Liberty Bell Bank 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_tamburro.txt POA_TAMBURRO SECTION 16 POWER OF ATTORNEY I, James A. Tamburro, do hereby constitute and appoint J. Adam Sothen, Betsy J. Eicher, Ingrid Thomas, Shannon V. Patterson and Elizabeth P. Davis 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/ James A. Tamburro James A. Tamburro