SEC Form 4 · accession 0000920427-18-000150
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
James A Hughes
Officer — President/CEO · Director
Period of report
Dec 21, 2018
Accepted (ET)
Dec 26, 2018 · 11:06 am 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 100,183 | D | ||
| Restricted StockF2 | holding | — | — | — | 18,127 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3,F4 | $18.25 | Dec 21, 2018 | A | 14,000 | A | Dec 21, 2019 | Dec 21, 2028 | Common Stock | 14,000 | 57,000 | D |
Explanation of responses
- F1100,183 shares consisting of 72,261 shares held in an account at Shareworks, 6,063 shares held in account at Computershare, 12,427 shares held in a brokerage account, and 9,432 shares in a 401K plan.
- F218,127 restricted shares are held in an account at Computershare, of which 17,410 have upcoming vesting dates; and 717 are DRP shares.
- F314,000 stock options were granted on 12/21/18 at $18.25 per share, which vest 1/3 per year, i.e., 4,667 on 12/21/19, 4,666 on 12/21/20, and 4,667 on 12/21/21.
- F457,000 stock options were granted to Mr. Hughes, of which 29,333 are currently exercisable.
Remarks
Total amount of Beneficial Securities Owned: 147,643 Mr. Hughes receives additional shares on a quarterly basis through his dividend reinvestment plan.