SEC Form 4 · accession 0000857855-17-000040
UNITED COMMUNITY BANKS INC · UCB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bill M Gilbert
Officer — President, Community Banking
Period of report
Aug 17, 2017
Accepted (ET)
Aug 18, 2017 · 1:11 pm EDT
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,F2 | Aug 17, 2017 | F | 32 | $26.34 | D | 11,376 | D | |
| Common Shares Issuable | holding | — | — | — | 35,624 | D | ||
| Common Stock (PSUs) | holding | — | — | — | 6,160 | D | ||
| Common Stock (RSUs)F3 | holding | — | — | — | 10,890 | D | ||
| Common Stock | holding | — | — | — | 1,750 | 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 Restricted Stock Units ("RSUs").
- F2The sales price is based off of August 15, 2017, the date of vesting, but the tax liability and number of shares withheld was not determinable until August 17, 2017.
- F3Reflects reclassification of RSUs into Phantom Stock pursuant to the United Community Banks, Inc. Deferred Compensation Plan.