SEC Form 4 · accession 0001140361-17-026622
UNITED SECURITY BANCSHARES · UFBO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth D Newby
Director
Period of report
Jun 27, 2017
Accepted (ET)
Jun 29, 2017 · 2:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137547
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 27, 2017 | A | 4,417 | $0.00 | A | 4,569 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F5 | $0.00 | Jun 27, 2017 | A | 4,417 | A | — | — | Common Stock | 4,417 | 4,417 | D |
| Restricted Stock UnitsF4,F5 | $0.00 | Jun 27, 2017 | M | 4,417 | D | — | — | Common Stock | 4,417 | 0 | D |
Explanation of responses
- F1Represents common stock issued pursuant to the vesting and settlement of 100% of the restricted stock units that were granted on June 27, 2017.
- F2Includes shares issued pursuant to the Company's quarterly stock dividend.
- F3Represents a grant of 4,417 restricted stock units on June 27, 2017, in consideration for Mr. Newby's service as a member of the Company's Board of Directors. 100% of the restricted stock units were vested on the grant date.
- F4Represents the complete vesting of all restricted stock units granted on June 27, 2017.
- F5Result of vesting of an RSU granted on June 27, 2017 with 100% immediate vesting.