SEC Form 5 · accession 0000857855-15-000008
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
H Lynn Harton
Officer — PRESIDENT & COO
Period of report
Dec 31, 2014
Accepted (ET)
Feb 17, 2015 · 3:07 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 StockF1,F2 | Sep 13, 2014 | F | 5,441 | $18.31 | D | 51,413 | D | |
| Common StockF1,F2 | Sep 14, 2014 | F | 19,199 | $18.31 | D | 51,413 | D | |
| Common Shares IssuableF3,F2,F4 | Oct 1, 2014 | A | 34 | $16.36 | A | 18,785 | D | |
| Common Shares IssuableF3,F2,F4 | Dec 29, 2014 | A | 1 | $19.28 | A | 18,785 | D | |
| Common Stock (RSUs) | holding | — | — | — | 73,404 | D | ||
| Common Stock (PSUs) | holding | — | — | — | 121,276 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of United Community Banks, Inc. Common Stock withheld to satisfy tax obligations upon vesting of Restricted Stock Units ("RSUs") and performance-based Restricted Stock Units ("PSUs").
- F2Reflects reclassification of RSUs and PSUs 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.