SEC Form 4 · accession 0001604682-15-000013
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Janice Bolomey
Officer — EVP/Sales Dir./CAO
Period of report
Mar 17, 2015
Accepted (ET)
Mar 17, 2015 · 1:49 pm EDT
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 | Mar 17, 2015 | A | 2,000 | $9.11 | A | 15,245 | 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,F2,F5 | $9.11 | Mar 17, 2015 | A | 10,000 | A | Mar 17, 2016 | Mar 17, 2025 | Common Stock | 10,000 | 61,076 | D |
Explanation of responses
- F12,000 restricted shares were granted effective 3/17/15 and issued from the 2013 Stock Bonus Plan; vesting commences with 500 shares on 3/17/16; 500 shares on 3/17/17; 500 shares on 3/17/18; and 500 shares on 3/17/19.
- F2Stock price at the close of business on 3/16/15.
- F3Total Restricted Stock.
- F410,000 non-qualified stock options were granted on 3/17/15 from the 2011 Stock Option Plan; vesting over a three-year period and on each of the first three anniversary dates, one-thir of the option shall best; i.e., 3,333 on 3/17/16; 3,333 on 3/17/17; and 3,334 on 3/17/18.
- F541,076 options are currently exercisable; 20,000 are unexercisable.