SEC Form 4 · accession 0001248813-17-000007
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raj Patel
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 3:54 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 | 1,200 | $15.70 | A | 5,540 | D | |
| Common StockF4 | holding | — | — | — | 16,303 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF5,F6 | $15.70 | Jan 3, 2017 | A | 1,500 | A | Jan 3, 2018 | Jan 3, 2027 | Common Stock | 1,500 | 10,266 | D |
Explanation of responses
- F11,200 restricted shares were granted on 1/3/17 from the 2013 Stock bonus Plan and vest over four years; vesting commences with 300 shares on 1/3/18; 300 shares on 1/3/29; and 300 shares on 1/3/20.
- F2Stock price at the close of business on 12/30/16.
- F35,540 restricted stock shares are currently held in an account at Computershare, which have upcoming vesting dates.
- F416,303 shares are held in a brokerage account in the name of Mr. Patel.
- F51,500 stock options were granted on 1/3/17, which vest 1/3 per year; i.e., 500 on 1/3/18; 500 on 1/3/19 and 500 on 1/3/20.
- F614,700 stock options were granted under various dates and vesting periods of which 10,266 are currently exercisable.