SEC Form 4 · accession 0000920427-17-000018
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Hughes
Officer — President/CEO · Director
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 | 8,000 | $16.75 | A | 113,145 | 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 | — | holding | — | — | — | — | — | Common Stock | — | 44,550 | D |
Explanation of responses
- F18,000 restricted shares were granted effective 3/3/17 and issued from the 2013 Stock Bonus Plan; vesting commences with 2,000 shares on 3/3/18; 2,000 shares on 3/3/19; 2,000 shares on 3/3/20; and 2,000 shares on 3/3/21.
- F2Stock price at the close of business on 3/2/17.
- F3113,145 shares consisting of 15,119 shares of unvested stock; 7,597 shares in 401K plan; 17,427 shares in brokerage account; & 73,002 held in an account at Computershare.
- F444,550 stock options were granted to Mr. Hughes of which 29,883 are currently exercisable.