SEC Form 5 · accession 0000857855-15-000005
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley J Miller
Officer — EVP, CRO & GENERAL COUNSEL
Period of report
Dec 31, 2014
Accepted (ET)
Feb 17, 2015 · 1:38 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 (RSUs)F1 | Dec 1, 2014 | A | 15,000 | $0.00 | A | 27,938 | D | |
| Common Stock | holding | — | — | — | 1,976 | D | ||
| Common Shares IssuableF2 | holding | — | — | — | 5,015 | D | ||
| Common Stock | holding | — | — | — | 937 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Options (right to buy)F3 | $114.60 | holding | — | — | — | — | Oct 9, 2017 | Common Stock | 416 | 416 | D |
| Non-Qualified Stock Options (right to buy)F4 | $66.40 | holding | — | — | — | — | May 5, 2018 | Common Stock | 727 | 727 | D |
| Non-Qualified Stock Options (right to buy)F5 | $31.50 | holding | — | — | — | — | Jun 22, 2019 | Common Stock | 1,008 | 1,008 | D |
Explanation of responses
- F1Represents grant of Restricted Stock Units ("RSUs"). RSUs will vest at 25% on January 1, 2016, then at 25% on three subsequent anniversaries from the date of grant, commencing December 1, 2016. This transaction was previously reported on the Reporting Person's Form 3 dated December 3, 2014.
- F2On 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.
- F3This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (10/9/07), and 25% on each of the subsequent three anniversary dates thereafter.
- F4This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (05/05/08), and 25% on each of the subsequent three anniversary dates thereafter.
- F5This 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.