SEC Form 4 · accession 0000920427-17-000071
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald E. Souders Jr.
Director
Period of report
Aug 31, 2017
Accepted (ET)
Sep 1, 2017 · 3:01 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 7,887 | D | ||
| Common RestrictedF2 | holding | — | — | — | 4,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3,F5,F4 | $6.46 | Aug 31, 2017 | M | 4,620 | D | Dec 20, 2008 | Dec 20, 2017 | Common Stock | 4,620 | 14,700 | D |
Explanation of responses
- F17,810 shares are held in an account at Computershare; and 77 shares are held in street name.
- F24,500 shares are held in an account at Computershare, which have upcoming vesting dates.
- F3Mr. Souders exercised 4,620 stock options at $6.42 per share, and sold at $17.1255 per share.
- F44,620 stock options were granted on 12/20/2007, which vested one-third per year commencing 12/20/2008; 12/20/2009; and 12/20/2010 at $6.42 per share that expire on 12/20/2017.
- F514,700 stock options were granted to Mr. Souders of which 10,267 at currently exercisable.
Remarks
Total Beneficial Ownership: 12,387