SEC Form 4 · accession 0001275305-16-000002
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Bedner
Officer — EVP/Chief Financial Officer
Period of report
Feb 25, 2016
Accepted (ET)
Feb 25, 2016 · 4:09 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,F3 | Feb 25, 2016 | A | 2,000 | $9.84 | A | 13,237 | 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,F4 | $9.84 | Feb 25, 2016 | A | 10,000 | A | Feb 25, 2017 | Feb 25, 2026 | Common Stock | 10,000 | 90,068 | D |
Explanation of responses
- F12,000 restricted shares were granted effective 2/25/26 and issued from the 2013 Stock Bonus Plan; vesting commences with 500 shares on 2/25/17; 500 shares on 2/25/18; 500 shares on 2/25/19; and 500 shares on 2/25/20.
- F2Stock price at the close of business on 2/24/16.
- F33,740 shares are held in Mr. Bedner's 401K; 2,247 are held in an account at Computershare; 7,250 shares are restricted stock.
- F410,000 non-qualified stock options were granted on 2/25/16 from the 2013 Stock Option Plan; vesting over a three-year period one-third shall vest; i.e., 3,333 on 2/25/17; 3,333 on 2/25/18; and 3,334 on 2/25/19.
- F590,068 options are outstanding; 58,041 are exercisable; 31,667 are unexercisable. The price varies from $6.02 to $12.62.