SEC Form 4 · accession 0000920427-18-000122
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Rooney
Officer — Chief Lending Officer/1st SVP
Period of report
Dec 10, 2018
Accepted (ET)
Dec 12, 2018 · 1:20 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 | Dec 10, 2018 | A | 1,250 | $21.30 | A | 4,475 | D | |
| Common StockF3 | holding | — | — | — | 5,338 | 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 | $21.30 | Dec 10, 2018 | A | 5,000 | A | Dec 10, 2019 | Dec 10, 2028 | Common Stock | 5,000 | 23,000 | D |
Explanation of responses
- F11,250 restricted shares were granted on 12/10/2018 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 312 shares on 12/10/19, 313 shares on 12/10/20, 312 shares on 12/10/21, and 313 shares on 12/10/22.
- F24,475 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
- F35,338 shares are held in account at Shareworks.
- F45,000 stock options were granted on 12/10/18, which vest 1/3 per year; i.e. 1,667 on 12/10/19, 1,666 on 12/10/20, and 1,667 on 12/10/21.
- F523,000 stock options were granted to Mr. Rooney of which 5,334 are currently exercisable.
Remarks
Total Beneficial Ownership: 15,147