SEC Form 4 · accession 0000920427-17-000087
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Bedner
Officer — Chief Financial Officer
Period of report
Oct 24, 2017
Accepted (ET)
Oct 26, 2017 · 12:47 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 | — | — | — | 11,261 | D | ||
| Restricted StockF2 | holding | — | — | — | 8,300 | 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,F4 | $6.06 | Oct 24, 2017 | M | 1,600 | D | May 26, 2012 | May 26, 2021 | Common Stock | 1,600 | 90,900 | D |
| Stock OptionsF3,F4 | $6.06 | Oct 25, 2017 | M | 6,722 | D | May 26, 2012 | May 26, 2021 | Common Stock | 6,722 | 84,178 | D |
| Stock OptionsF3,F5,F4 | $6.06 | Oct 26, 2017 | M | 8,178 | D | May 26, 2012 | May 26, 2021 | Common Stock | 8,178 | 76,000 | D |
Explanation of responses
- F17,147 shares are held in an account at Computershare; an additional 4,114 shares are held in Mr. Bedner's 401K.
- F28,300 shares are held in an account at Computershare, which have upcoming vesting dates.
- F3Mr. Bedner exercised 16,500 stock options at $6.06 per share. 1,600 shares were sold at $19.95 per share; 6,722 shares were sold at $19.79 per share; and 8,178 shares were sold at $19.50 per share.
- F416,500 stock options were granted on 5/26/2011, which vested one-third per year commencing 5/26/2012; 5/26/2013; and 5/26/2014 at $6.06 per share that expire on 5/26/2021.
- F576,000 stock options were granted to Mr. Bedner of which 55,000 are currently exercisable.
Remarks
Total Beneficial Ownership: 74,561