SEC Form 4 · accession 0000920427-17-000017
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Kauchak
Officer — EVP/COO
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 1:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000920427
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted StockF1,F2,F3 | Mar 3, 2017 | A | 5,000 | $16.75 | A | 55,657 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4,F5 | $16.75 | Mar 3, 2017 | A | 10,000 | A | Mar 3, 2018 | Mar 3, 2027 | Common Stock | 10,000 | 92,885 | D |
Explanation of responses
- F15,000 restricted shares were granted effective 3/3/17 and issued from the 2013 Stock Bonus Plan; vesting commences with 1,250 shares on 3/3/18; 1,250 shares on 3/3/19; 1,250 shares on 3/3/20; and 1,250 shares on 3/3/21.
- F2Stock price at the close of business on 3/2/17.
- F38,850 shares are unvested stock; and 46,807 shares are held in an account at Computershare
- F410,000 non-qualified stock options were granted on 3/3/17 from the 2015 Stock Option Plan; vesting over a three-year period, one-third shall vest; i.e., 3,334 on 3/3/18; 3,333 on 3/3/19; and 3,333 on 3/3/20.
- F592,885 options were granted to Mr. Kauchak of which 68,219 are currently exercisable.