SEC Form 4 · accession 0000920427-18-000012
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
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 1:21 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 | Jan 2, 2018 | A | 750 | $19.75 | A | 3,630 | D | |
| Common StockF4 | holding | — | — | — | 9,507 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5,F6 | $19.75 | Jan 2, 2018 | A | 3,200 | A | Jan 2, 2019 | Jan 2, 2028 | Common Stock | 3,200 | 17,900 | D |
Explanation of responses
- F1750 restricted shares were granted on 1/2/18 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 187 shares on 1/2/19; 188 shares on 1/2/20; 187 shares on 1/2/21; and 188 shares on 1/2/22.
- F2Stock price at the close of business on 12/29/17.
- F33,630 restricted stock shares are currently held in an account at Computershare, which have upcoming vesting dates.
- F49,430 shares are held in an account at Computershare; and 77 shares are held in a brokerage account in Mr. Souders' name.
- F53,200 stock options were granted on 1/2/18, which vest 1/3 per year; i.e., 1,067 on 1/2/19; 1,066 on 1/2/20; and 1,067 on 1/2/21.
- F617,900 stock options were granted under various dates and vesting periods of which 10,767 are currently exercisable.
Remarks
Total Beneficial Ownership: 23,904