SEC Form 5 · accession 0000857855-15-000010
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Burke
Officer — SVP, TREASURER
Period of report
Dec 31, 2014
Accepted (ET)
Feb 17, 2015 · 4:46 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 | Aug 1, 2014 | F | 1,662 | $16.35 | D | 0 | D | |
| Common Shares IssuableF2 | Oct 1, 2014 | A | 8 | $16.36 | A | 4,320 | D | |
| Common Stock (RSUs) | holding | — | — | — | 17,938 | D |
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 Option (right to buy)F3 | $11.20 | holding | — | — | — | — | Aug 1, 2021 | Common Stock | 10,000 | 10,000 | 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").
- F2Reflects reclassification of RSUs into Phantom Stock pursuant to the United Community Banks, Inc. Deferred Compensation Plan.
- F3This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (08/01/11), and 25% on each of the subsequent three anniversary dates thereafter.