SEC Form 5 · accession 0000857855-15-000004

UNITED COMMUNITY BANKS INC · UCB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Alan H Kumler

Officer — SVP, CHIEF ACCOUNTING OFFICER

Period of report

Dec 31, 2014

Accepted (ET)

Feb 17, 2015 · 1:04 pm 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^F1,F2	Jun 20, 2014	F	566	$16.78	D	4,965	D
Common Stock^F1,F2	Sep 13, 2014	F	769	$18.31	D	4,965	D
Common Shares Issuable^F3,F2,F4	Oct 1, 2014	A	13	$16.36	A	7,176	D
Common Shares Issuable^F3	Dec 29, 2014	A	1	$19.28	A	7,176	D
Common Stock (RSUs)	holding	—	—		—	12,938	D
Common Stock	holding	—	—		—	715	I	By 401(k)

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Incentive Stock Option (right to buy)^F5	$111.20	holding	—	—	—	May 16, 2006	May 16, 2015	Common Stock	1,097	1,097	D
Non-Qualified Stock Option (right to buy)^F6	$111.20	holding	—	—	—	May 16, 2006	May 16, 2015	Common Stock	46	46	D
Non-Qualified Stock Option (right to buy)^F7	$138.80	holding	—	—	—	Apr 26, 2007	Apr 26, 2016	Common Stock	1,455	1,455	D
Non-Qualified Stock Option (right to buy)^F8	$147.60	holding	—	—	—	Apr 25, 2008	Apr 25, 2017	Common Stock	1,559	1,559	D
Non-Qualified Stock Option (right to buy)^F9	$66.40	holding	—	—	—	May 5, 2009	May 5, 2018	Common Stock	1,559	1,559	D
Non-Qualified Stock Option (right to buy)^F10	$31.50	holding	—	—	—	Jun 22, 2010	Jun 22, 2019	Common Stock	1,612	1,612	D

Explanation of responses

F1Represents shares of United Community Banks, Inc. Common Stock withheld to satisfy tax obligations upon vesting of Restricted Stock Units ("RSUs").
F10This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (6/22/09), and 25% on each of the subsequent three anniversary dates thereafter.
F2Reflects reclassification of RSUs into Common Stock and Phantom Stock pursuant to the United Community Banks, Inc. Deferred Compensation Plan.
F3Represents acquisition of Phantom Stock pursuant to the United Community Banks Deferred Compensation Plan. Phantom Stock is to be settled in shares of Common Stock, on a one-for-one basis, following the Reporting Person's termination of services.
F4On June 30, 2014, all Common Shares Issuable changed from a unitized fund, where settlement was based on NAV, to a share-for-share phantom stock fund.
F5This option became exercisable to the extent of 22% of the shares optioned after one year from the date of grant (5/16/05), and 26% on each of the subsequent three anniversary dates thereafter.
F6This option became exercisable to the extent of 100% of the shares optioned after one year from the date of grant (5/16/05).
F7This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (4/26/06), and 25% on each of the subsequent three anniversary dates thereafter.
F8This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (4/25/07), and 25% on each of the subsequent three anniversary dates thereafter.
F9This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (05/05/09), and 25% on each of the subsequent three anniversary dates thereafter.