SEC Form 4 · accession 0000920427-19-000097
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 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 | 3,750 | $20.61 | A | 10,163 | D | |
| Common StockF3 | holding | — | — | — | 15,641 | 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 | 84,011 | D |
Explanation of responses
- F13,750 restricted shares were granted on 3/12/2019 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 937 shares on 3/12/2020, 938 shares on 3/12/2021, 937 shares on 3/12/2022, and 938 shares on 3/12/2023.
- F210,163 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
- F315,641 shares consisting of 11,527 shares held in an account at Shareworks, and 4,114 shares held in a 401K plan.
- 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.
- F584,011 stock options were granted with various dates and vesting periods of which 64,012 are currently exercisable.
Remarks
Total Beneficial Ownership: 89,816