SEC Form 4 · accession 0001275305-16-000007
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Bedner
Officer — EVP/CFO
Period of report
Nov 16, 2016
Accepted (ET)
Nov 16, 2016 · 4:59 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 StockF1 | holding | — | — | — | 14,561 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3,F2 | $11.48 | Nov 16, 2016 | M | 8,490 | D | Jan 25, 2008 | Jan 25, 2017 | Common Stock | 8,490 | 82,500 | D |
| Stock OptionF4,F2 | $7.00 | Nov 16, 2016 | M | 8,085 | D | Feb 28, 2009 | Feb 28, 2018 | Common Stock | 8,085 | 82,500 | D |
Explanation of responses
- F1On September 30, 2016, there was a 10% stock dividend issued to Mr. Bedner
- F2Mr. Bedner was granted 8,490 stock options on 1/25/07 that vested one-third per year commencing 1/25/08; 1/25/09 and 1/25/10 at $11.48 per share that expire on 1/25/17. Mr. Bedner was also granted 8,085 stock options on 2/29/08 that vested one-third per year commencing 2/28/09; 2/28/10 and 2/28/11 at $7.00 per share that expire on 2/28/18.
- F38,490 @ $11.48 and 8,085 @ $7.00 per share.
- F482,500 stock options have been granted of which 60,500 are currently exercisable.