SEC Form 4 · accession 0000857855-16-000058
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rex S Schuette
Officer — EVP & CFO
Period of report
Jan 25, 2016
Accepted (ET)
Jan 27, 2016 · 3:56 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 | 460 | $16.78 | D | 33,721 | D | |
| COMMON STOCK (PSUs)F2 | Jan 25, 2016 | D | 454 | $0.00 | D | 21,406 | D | |
| COMMON STOCK ISSUABLEF3,F4 | holding | — | — | — | 60,445 | D | ||
| COMMON STOCK (RSUs) | holding | — | — | — | 16,263 | D | ||
| COMMON STOCKF5 | holding | — | — | — | 16,480 | I | BY 401k | |
| COMMON STOCK | holding | — | — | — | 1,800 | I | ANDREA RAFFERTY-SCHUETTE (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 Phantom Stock pursuant to the United Community Banks Deferred Compensation Plan.
- F4Includes 307.202 shares purchased pursuant to dividend reinvestment purchases.
- F5Reflects forfeiture of 6 shares as payment for fees associated with the United Community Banks Profit Sharing Plan.