Form 8937
(December 2011)
Department of the Treasury
Internal Revenue Service
Report of Organizational Actions
Affecting Basis of Securities
See separate instructions.
OMB No. 1545-2224
Part I Reporting Issuer
1 Issuer's name 2 Issuer's employer identification number (EIN)
3 Name of contact for additional information 4 Telephone No. of contact 5 Email address of contact
6 Number and street (or P.O. box if mail is not delivered to street address) of contact 7
City, town, or post office, state, and Zip code of contact
8 Date of action 9 Classification and description
10 CUSIP number 11 Serial number(s) 12 Ticker symbol 13 Account number(s)
Part II Organizational Action Attach additional statements if needed. See back of form for additional questions.
14 Describe the organizational action and, if applicable, the date of the action or the date against which shareholders' ownership is measured for
the action
15 Describe the quantitative effect of the organizational action on the basis of the security in the hands of a U.S. taxpayer as an adjustment per
share or as a percentage of old basis
16 Describe the calculation of the change in basis and the data that supports the calculation, such as the market values of securities and the
valuation dates
For Paperwork Reduction Act Notice, see the separate Instructions.
Cat. No. 37752P
8937 (12-2011)
Howard Bancorp, Inc.
George C. Coffman
6011 University Blvd - Suite 370
Ellicott City, MD 21043
August 28, 2015
Common stock
Merger of Patapsco Bancorp, Inc., a Maryland corporation ("PBI") with and into Howard Bancorp, Inc. a Maryland
The basis of HBI common stock received in the Merger in exchange for PBI common stock is
Under the terms of the Merger, each share of PBI common stock was exchanged for 0.3547 shares of HBI common
Form 8937 (Rev. 12-2011)
Page 2
Part II Organizational Action (continued)
17 List the applicable Internal Revenue Code section(s) and subsection(s) upon which the tax treatment is based
18 Can any resulting loss be recognized?
19 Provide any other information necessary to implement the adjustment, such as the reportable tax year
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
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Print/Type preparer’s name
Preparer's signature Date
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Firm’s name
Firm's address
Firm's EIN
Phone no.
Send Form 8937 (including accompanying statements) to: Department of the Treasury, Internal Revenue Service, Ogden, UT 84201-0054
Sections 368(a)(1)(A),
George C. Coffman
Executive Vice President & CFO
Robert L. Ash
Ober, Kaler
1401 H Street, NW, Washington, DC 20005