4 1 x4-jms.txt J. MICHAEL STRAKA U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person(1): Straka, J. Michael 36076 North Beach Road Oconomowoc, WI 53066 2. Issuer Name and Ticker or Trading Symbol: CIB Marine Bancshares, Inc. (not listed) 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary): 4. Statement for Month/Year: December 2002 5. If Amendment, Date of Original (Month/Year): July 2002 6. Relationship of Reporting Person to Issuer (Check all applicable): (X) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other (specify below): President and Chief Executive Officer 7. Individual or Joint/Group Filing (Check applicable line): (x) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
5. Amount of 2. Trans- Securities 6. Owner- action 3. Trans- Beneficially ship Form: 1. Title of Date action 4. Securities Acquired Owned at End Direct (D) or 7. Nature of Indirect Security (Month/ Code (A) or Disposed of (D) of Month Indirect (I) Beneficial Ownership (Instr. 3) Day/Year) (Instr. 8) (Instr. 3, 4 and 5) (Instr. 3 and 4) (Instr. 4) (Instr. 4) ----------- --------- ---------- ---------------------- ---------------- ------------- --------------------- Code V Amount (A)or(D) Price ---- - ------ -------- ----- Common Stock 12/31/02 S 2,010 D 50,008.8 17,490 D Common Stock 12/10/02 G 2,400 D 600 I By spouse Common Stock 4,800(2) I By SIG; a general partnership Common Stock 1,500(2) I By Straka & Straka, Straka; a general partnership Common Stock 18,113.9(1) I By ESOP
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
10. 9. Owner- 5. Number ship 2. Number of Deri- Form of 11. Conver- of Deriv- vative Deri- Nature sion or ative Securi- vative of Exer- Secur- ties Secur- Indi- cise 3. ities 7. 8. Benefi- ity: rect 1. Price Trans- Acquired 6. Title and Price cially Direct Benefi- Title of of action 4. (A) or Date Exer- Amount of of Deriv- Owned at (D) or cial Deriv- Deriv- Date Trans- Disposed cisable and Underlying ative End of Indirect Owner- ative ative (Month/ action of (D) Expiration Securities Security Month (I) ship Security Secur- Day/ Code (Instr. 3, Date(Month/ (Instr. 3 (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) (Instr. 8) 4 and 5) Day/Year) and 4) 5) 4) 4) 4) ---------- ------- ------- ---------- ---------- --------------- ------------------ -------- -------- -------- ------- Code V (A) (D) Date ---- - --- --- Exer- Expir- Amount or cis- ation Number of able Date Title Shares ----- ------ ----- --------- Employee $ 8.50 (3) 01/01/05 Common 13,500 13,500 D Stock Stock Option (right to buy)(3) Employee $10.87 (4) 04/25/06 Common 34,200 34,200 D Stock Stock Option (right to buy)(4) Employee $13.07 (5) 02/25/08 Common 23,850 23,850 D Stock Stock Option (right to buy)(5) Employee $16.23 (6) 07/29/09 Common 32,100 32,100 D Stock Stock Option (right to buy)(6) Employee $18.40 (7) 07/27/10 Common 29,348 29,348 D Stock Stock Option (right to buy)(7) Employee $22.89 (8) 11/29/11 Common 34,950 34,950 D Stock Option (right to buy) (8)
Explanation of Responses: (1) Represents shares allocated to the reporting person, at 12/31/01, pursuant to the issuer's ESOP. The amount reported was amended in July 2002 based upon information received from the ESOP's third party administrator. (2) The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (3) The employee stock option vests in five equal annual installments which began on January 1, 1996. (4) The employee stock option vests in five equal annual installments which began on April 25, 1997. (5) The employee stock option vests in five equal annual installments which began on February 25, 1999. (6) The employee stock option vests in five equal annual installments which began on July 29, 2000. (7) The employee stock option vests in five equal annual installments which began on July 27, 20001. (8) The employee stock option vests in five equal annual installments on November 29, 2002. SIGNATURE OF REPORTING PERSON: /s/ J. Michael Straka ------------------------------ J. Michael Straka Dated: December 31, 2002