SEC Form 5 · accession 0000857855-15-000013
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Shearrow
Officer — EVP, CCO (Retired 1/31/15)
Period of report
Dec 31, 2014
Accepted (ET)
Feb 17, 2015 · 6:01 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 Shares IssuableF1 | Oct 1, 2014 | A | 63 | $16.78 | A | 34,569 | D | |
| Common Shares IssuableF1 | Dec 29, 2014 | A | 1 | $19.28 | A | 34,569 | D | |
| Common Stock | holding | — | — | — | 24,085 | D | ||
| Common Stock (RSUs) | holding | — | — | — | 18,348 | D | ||
| Common Stock (PSUs) | holding | — | — | — | 42,812 | 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 OptionF2 | $151.15 | holding | — | — | — | — | Apr 16, 2017 | Common Stock | 4,156 | 4,156 | D |
| Non-Qualified Stock OptionsF3 | $66.40 | holding | — | — | — | — | May 5, 2018 | Common Stock | 4,156 | 4,156 | D |
Explanation of responses
- F1Represents 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.
- F2This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (4/16/07), and 25% on each of the subsequent three anniversary dates thereafter.
- F3This 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.