SEC Form 4 · accession 0000920427-17-000097
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
Nov 17, 2017
Accepted (ET)
Nov 20, 2017 · 3:12 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 17, 2017 | M | 3,111 | $7.00 | A | 105,355 | D | |
| Common StockF3,F2 | Nov 17, 2017 | M | 1,363 | $6.80 | A | 105,355 | D | |
| Restricted Stock | holding | — | — | — | 13,995 | 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,F6,F5 | $7.00 | Nov 17, 2017 | M | 8,085 | D | Feb 28, 2009 | Feb 28, 2018 | Common Stock | 8,085 | 33,000 | D |
| Stock OptionsF7,F6,F8 | $6.80 | Nov 17, 2017 | M | 3,465 | D | Apr 2, 2009 | Apr 2, 2018 | Common Stock | 3,465 | 33,000 | D |
Explanation of responses
- F1Mr. Hughes exercised 4,785 stock options at $7.00 through a "net out" with the Company based on the stock price of $20.00 resulting in the issuance of 3,111 shares.
- F2105,355 shares consisting of 79,456 shares held in an account at Computershare, 17,427 shares held in a brokerage account, and 8,472 shares in a 401K plan.
- F3Mr. Hughes exercised 2,065 stock options at $6.80 through a "net out" with the Company based on the stock price of $20.00 resulting in the issuance of 1,363 shares.
- F4Mr. Hughes exercised 8,085 stock options at $7.00 per share. 3,300 shares were sold at $19.89 per share.
- F58,085 stock options were granted on 2/29/2008, which vested one-third per year commencing 2/28/2009; 2/28/2010; and 2/28/2011 at $7.00 per share that expire on 2/28/2018.
- F633,000 stock options were granted to Mr. Hughes of which 22,000 are currently exercisable.
- F7Mr. Hughes exercised 3,465 stock options at $6.80 per share. 1,400 were sold at $19.89 per share.
- F83,465 stock options were granted on 4/2/2008, which vested one-third per year commencing 4/2/2009; 4/2/2010; and 4/2/2011 at $6.80 per share that expire on 4/2/2018.
Remarks
Total Beneficial Ownership: 141,350