SEC Form 4 · accession 0000920427-19-000054
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Hughes
Officer — President/CEO · Director
Period of report
Jan 29, 2019
Accepted (ET)
Jan 31, 2019 · 4:49 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 | Jan 29, 2019 | F | 307 | $19.94 | D | 17,467 | D | |
| Common StockF3 | holding | — | — | — | 100,536 | 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 | — | holding | — | — | — | — | — | Common Stock | — | 57,000 | D |
Explanation of responses
- F1307 shares were withheld @ $19.94 per share to cover tax liability on restricted stock vesting.
- F216,750 shares are held in an account at Computershare, which have upcoming vesting dates. 717 shares are dividend reinvested shares for a total of 17,467.
- F3100,536 shares consisting of 72,614 shares held in an account at Shareworks, 6,063 shares held in an account at Computershare, 12,427 shares held in a brokerage account, and 9,432 shares held in 401K plan
- F457,000 stock options were granted under various dates and vesting periods of which 29,333 are currently exercisable.
Remarks
Total Beneficial Ownership: 147,336 Mr. Hughes receives additional shares on a quarterly basis through his dividend reinvestment plan.