SEC Form 4 · accession 0000857855-16-000056
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jimmy C Tallent
Officer — Chairman & CEO · Director
Period of report
Jan 25, 2016
Accepted (ET)
Jan 27, 2016 · 3:13 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 | Jan 25, 2016 | F | 661 | $16.78 | D | 102,549 | D | |
| Common Stock (PSUs)F2,F3 | Jan 25, 2016 | D | 981 | $0.00 | D | 46,200 | D | |
| Common Stock IssuableF3,F4 | holding | — | — | — | 116,436 | D | ||
| Common Stock (RSUs) | holding | — | — | — | 29,700 | D | ||
| Common StockF5 | holding | — | — | — | 38,746 | I | By 401k | |
| Common Stock | holding | — | — | — | 77 | I | Jeanne Tallent (spouse) | |
| Common Stock | holding | — | — | — | 61 | I | as Custodian for Minor Grandchildren |
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 Phantom Stock pursuant to the United Community Banks Deferred Compensation Plan.
- F4Includes 575.997 shares purchased pursuant to dividend reinvestment purchases.
- F5Reflects forfeiture of 12 shares as payment for fees associated with the United Community Banks Profit Sharing Plan.