SEC Form 4 · accession 0001140361-18-011305
UNITED SECURITY BANCSHARES · UFBO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert G Bitter
Director
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 5:11 pm EST
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 | Feb 27, 2018 | A | 1,000 | $0.00 | A | 335,875 | 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 UnitsF2 | $0.00 | Feb 27, 2018 | A | 1,000 | A | Feb 27, 2018 | Feb 27, 2028 | Common Stock | 1,000 | 1,000 | D |
| Restricted Stock UnitsF3,F2 | $10.40 | Feb 27, 2018 | M | 1,000 | D | Feb 27, 2018 | Feb 27, 2028 | Common Stock | 1,000 | 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 February 27, 2018.
- F2Represents a grant of 1,000 restricted stock units on February 27, 2018, in consideration for service as a member of the Company's Board of Directors. 100% of the restricted stock units were vested on the grant date.
- F3Represents the complete vesting of all restricted stock units granted on February 27, 2018.