SEC Form 4 · accession 0000920427-19-000096
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Kauchak
Officer — EVP/COO
Period of report
Mar 12, 2019
Accepted (ET)
Mar 12, 2019 · 4:34 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 12, 2019 | A | 4,000 | $20.61 | A | 10,600 | D | |
| Common StockF3 | holding | — | — | — | 52,277 | 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 | $20.61 | Mar 12, 2019 | A | 10,000 | A | Mar 12, 2020 | Mar 12, 2029 | Common Stock | 10,000 | 99,800 | D |
Explanation of responses
- F14,000 restricted shares were granted on 3/12/2019 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 1,000 shares on 3/12/2020, 1,000 shares on 3/12/2021, 1,000 shares on 3/12/2022, and 1,000 shares on 3/12/2023.
- F210,600 shares are held in an account at Computershare, which have upcoming vesting dates.
- F352,277 shares consisting of 50,804 shares held in an account at Shareworks, and 1,473 shares held in an account at Computershare.
- F410,000 stock options were granted on 3/12/2019 from the 2017 Stock Option Plan and vest over three years; vesting commences with 3,334 shares on 3/12/2020, 3,333 shares on 3/12/2021, and 3,333 shares on 3/12/2022.
- F599,800 stock options were granted of which 79,801 are currently exercisable.
Remarks
Total Beneficial Ownership: 142,678.