SEC Form 4 · accession 0000920427-18-000050
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
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 1:45 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted StockF1,F2 | Mar 9, 2018 | A | 3,750 | $21.15 | A | 9,700 | D | |
| Common StockF3 | holding | — | — | — | 13,611 | 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,F5 | $21.15 | Mar 9, 2018 | A | 10,000 | A | Mar 9, 2019 | Mar 9, 2028 | Common Stock | 10,000 | 86,000 | D |
Explanation of responses
- F13,750 restricted shares were granted on 3/9/2018 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 937 shares on 3/9/19; 938 shares on 3/9/20; 937 shares on 3/9/21; and 938 shares on 3/9/22.
- F29,700 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
- F39,497 shares are held in an account at Computershare; an additional 4,114 shares are held in Mr. Bedner's 401K.
- F410,000 stock options were granted on 3/9/18, which vest 1/3 per year; i.e., 3,334 on 3/9/19; 3,333 on 3/9/20; and 3,333 on 3/9/21.
- F586,000 stock options were granted to Mr. Bedner of which 65,667 are currently exercisable.
Remarks
Total Beneficial Ownership: 88,978