SEC Form 4 · accession 0000857855-15-000003
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A. Edwards
Officer — EVP, CHIEF CREDIT OFFICER
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 11:37 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000857855
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock (Restricted Stock Units)F1 | Feb 3, 2015 | A | 40,000 | $0.00 | A | 40,000 | D | |
| Common Stock (Restricted Stock Units)F1 | Feb 3, 2015 | A | 7,500 | $0.00 | A | 47,500 | D | |
| Common Stock (Performance Stock Units)F2 | Feb 3, 2015 | A | 5,000 | $0.00 | A | 5,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F140,000 Restricted Stock Units ("RSUs") vest at 33.33% each year on February 27, 2016, and January 27, 2017 and 2018. 7,500 RSUs vest at 25% each year on February 27, 2016, and January 25, 2017, 2018, and 2019.
- F25,000 Performance Stock Units ("PSUs") vest at 25% each year on February 27, 2016, and January 25, 2017, 2018, and 2019 based upon meeting certain performance criteria for each period. The performance threshold and target levels are based meeting or exceeding certain earnings per share and return on assets levels, and if the target level is not met, the vesting level payable for that period is zero %.