SEC Form 4 · accession 0001590464-16-000002
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter E Maricondo
Director
Period of report
Dec 8, 2016
Accepted (ET)
Dec 8, 2016 · 1:10 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 StockF4,F1 | Dec 8, 2016 | M | 843 | $11.48 | A | 20,958 | 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,F3,F2 | $11.48 | Dec 8, 2016 | M | 3,032 | D | Jan 25, 2008 | Jan 25, 2017 | Common Stock | 843 | 17,820 | D |
Explanation of responses
- F1There was a 10% stock dividend on September 30, 2016, for which Mr. Maricondo received additional shares.
- F23,032 stock options were granted on 1/25/07, which vest 1/3 each year commencing 1/25/08; 1/25/09 and 1/25/10 and expire on 1/25/17. Mr. Maricondo received 843 shares of common stock through a "net-out" with the Company on 12/8/16.
- F317,820 stock options were granted to Mr. Maricondo of which 13,420 are currently exercisable.
- F4Mr. Maricondo exercised 3,032 stock options at $11.48 through a "net out" with the Company based on the stock price of $15.90 resulting in the issuance of 843 shares on common stock.