SEC Form 4 · accession 0001248813-17-000004
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary E. Gross
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 2:41 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 |
|---|---|---|---|---|---|---|---|---|
| Common RestrictedF1,F2,F3 | Jan 3, 2017 | A | 1,400 | $15.70 | A | 5,800 | D | |
| Common StockF4 | holding | — | — | — | 7,676 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5,F6 | $15.70 | Jan 3, 2017 | A | 1,600 | A | Jan 3, 2018 | Jan 3, 2027 | Common Stock | 1,600 | 1,466 | D |
Explanation of responses
- F11,400 restricted shares were granted on 1/3/17 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 350 shares on 1/3/18; 350 shares on 1/3/19; 350 on 1/3/20; and 350 on 1/3/21.
- F2Stock price at the close of business on 12/30/16.
- F35,800 restricted stock shares are currently held in an account at Computershare, which have upcoming vesting dates.
- F46,587 shares are held in an account at Computershare; and 1,089 shares are held in a brokerage account in Ms. Gross' name for a total of 7,676 shares.
- F51,600 stock options were granted on 1/3/17, which vest 1/3 per year; i.e., 534 on 1/3/18; 533 on 1/3/19; 533 on 1/3/20.
- F6A total of 6,000 stock options were granted under various dates and vesting periods of which 1,466 are currently exercisable.