SEC Form 4 · accession 0000857855-16-000054
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bill M Gilbert
Officer — SVP, Director of Banking
Period of report
Jan 25, 2016
Accepted (ET)
Jan 27, 2016 · 12:17 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,F3 | Jan 25, 2016 | F | 1,336 | $16.78 | D | 9,471 | D | |
| Common Stock (PSUs)F2,F3,F4 | Jan 25, 2016 | D | 260 | $0.00 | D | 12,320 | D | |
| Common Shares IssuableF4,F5 | holding | — | — | — | 24,197 | D | ||
| Common Stock (RSUs) | holding | — | — | — | 13,420 | D | ||
| Common Stock | holding | — | — | — | 1,766 | I | 401(k) Plan | |
| Common Stock | holding | — | — | — | 177 | I | Joanna R. Gilbert (Spouse) |
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 Performance-Based Restricted Stock Units ("PSUs").
- F2These shares of PSUs were forfeited due to failure to achieve performance criteria on date of vest.
- F3Reflects reclassification of PSUs into Common Stock.
- F4Reflects reclassification of PSUs into Phantom Stock pursuant to the United Community Banks Deferred Compensation Plan.
- F5Includes 135.036 shares acquired pursuant to dividend reinvestment