SEC Form 4 · accession 0000920427-18-000015
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark S Brody
Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 1:22 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 | 3,930 | D | |
| Common StockF4 | holding | — | — | — | 79,024 | D | ||
| Common Stock | holding | — | — | — | 40,102 | I | Financial Planning Analysts | |
| Common StockF5 | holding | — | — | — | 252,520 | I | Financial Planning Analysts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF6,F7 | $19.75 | Jan 2, 2018 | A | 3,200 | A | Jan 2, 2019 | Jan 2, 2028 | Common Stock | 3,200 | 18,000 | 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.
- F4A total of 79,024 shares are beneficially owned by Dr. Brody; 48,400 are held jointly with his spouse; 12,705 are held in street name; and 17,919 are held in an acct. at Computershare.
- F5Shares held in a master account of Financial Planning Analysts over which Dr. Brody has no voting authority, but has dispositive power.
- 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 18,000 options were granted under various dates and vesting period of which 10,801 are currently exercisable.
Remarks
Total Beneficial Ownership: 386,377