SEC Form 4 · accession 0000920427-18-000013
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David D Dallas
Director · 10% Owner · Other
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 | 900 | $19.75 | A | 4,383 | D | |
| Common StockF4 | Jan 2, 2018 | M | 8,800 | $3.46 | A | 11,075 | D | |
| Common StockF5 | holding | — | — | — | 1,706,942 | I | Dallas Financial Holdings, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF6,F7 | $19.75 | Jan 2, 2018 | A | 3,200 | A | Jan 2, 2019 | Jan 2, 2028 | Common Stock | 3,200 | 9,200 | D |
| Stock OptionF8,F7,F9 | $3.46 | Jan 2, 2018 | M | 8,800 | D | Dec 18, 2009 | Dec 18, 2018 | Common Stock | 8,800 | 9,200 | D |
Explanation of responses
- F1900 restricted shares were granted on 1/2/18 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 225 shares on 1/2/19; 225 shares on 1/2/20; 225 shares on 1/2/21; and 225 shares on 1/2/22.
- F2Stock price at the close of business on 12/29/17.
- F33,930 restricted stock shares are currently held in an account at Computershare, which have upcoming vesting dates; 453 shares are dividend reinvested shares for a total of 4,383.
- F411,075 shares are held in Mr. Dallas' name in an account at Computershare.
- F5171,632 shares are held in an account at Computershare; 1,535,310 shares are held in a brokerage account.
- F63,200 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.
- F7A total of 9,200 stock options were granted under various dates and vesting periods of which 2,001 are currently exercisable.
- F8Mr. Dallas exercised 8,800 stock options at $3.46 per share.
- F98,800 stock options were granted on 12/18/2008, which vested one-third per year at $3.46 per share and expire on 12/18/2018.
Remarks
Total Beneficial Ownership: 1,724,401