EXHIBIT 4
INCORPORATED UNDER THE LAWS OF THE STATE OF MARYLAND
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FIRST FEDERAL OF NORTHERN MICHIGAN
No. BANCORP, INC. No.
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FULLY PAID AND NON-ASSESSABLE
PAR VALUE $0.01 PER SHARE
THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO
RESTRICTIONS, SEE REVERSE SIDE
THIS CERTIFIES that is the owner of
SHARES OF COMMON STOCK
of
FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC.
a Maryland corporation
The shares evidenced by this certificate are transferable only on the
books of First Federal of Northern Michigan Bancorp, Inc. by the holder hereof,
in person or by attorney, upon surrender of this certificate properly endorsed.
The capital stock evidenced hereby is not an account of an insurable type and is
not insured by the Federal Deposit Insurance Corporation or any other Federal or
state governmental agency.
IN WITNESS WHEREOF, First Federal of Northern Michigan Bancorp, Inc. has
caused this certificate to be executed by the facsimile signatures of its duly
authorized officers and has caused a facsimile of its seal to be hereunto
affixed.
By [SEAL] By
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MICHAEL W. MAHLER MARTIN A. THOMSON
EXECUTIVE VICE PRESIDENT AND PRESIDENT AND CHIEF
CORPORATE SECRETARY EXECUTIVE OFFICER
The Board of Directors of First Federal of Northern Michigan Bancorp,
Inc. (the "Company") is authorized by resolution or resolutions, from time to
time adopted, to provide for the issuance of more than one class of stock,
including preferred stock in series, and to fix and state the voting powers,
designations, preferences, limitations and restrictions thereof. The Company
will furnish to any stockholder upon request and without charge a full
description of each class of stock and any series thereof.
The shares evidenced by this certificate are subject to a limitation
contained in the Articles of Incorporation to the effect that in no event shall
any record owner of any outstanding common stock which is beneficially owned,
directly or indirectly, by a person who beneficially owns in excess of 10% of
the outstanding shares of common stock (the "Limit") be entitled or permitted to
any vote in respect of shares held in excess of the Limit.
The shares represented by this certificate may not be cumulatively voted
on any matter. The Articles of Incorporation require the affirmative vote of the
holders of at least 80% of the voting stock of the Company, voting together as a
single class, to approve certain transactions and to amend the Articles of
Incorporation.
The following abbreviations when used in the inscription on the face of
this certificate shall be construed as though they were written out in full
according to applicable laws or regulations.
TEN COM - as tenants in common UNIF GIFT MIN ACT - _________ Custodian __________
(CUST) (MINOR)
TEN ENT - as tenants by the entireties
Under Uniform Gifts to Minors Act
JT TEN - as joint tenants with right
of survivorship and not as ---------------------------------
tenants in common (STATE)
Additional abbreviations may also be used though not in the above list
For value received,________________________________ hereby sell, assign and
transfer unto
PLEASE INSERT SOCIAL SECURITY NUMBER OR OTHER IDENTIFYING NUMBER
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(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS
INCLUDING POSTAL ZIP CODE OF ASSIGNEE)
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Shares of the Common Stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint_____________________________________________
Attorney to transfer the said shares on the books of the within named
corporation with full power of substitution in the premises.
Dated,______________________________
In the presence of Signature:
____________________________________ ____________________________________
NOTE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME OF THE
STOCKHOLDER(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR,
WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATSOEVER.