SEC Form 4 · accession 0001604682-16-000023
UNITY BANCORP INC /NJ/ · UNTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert H Dallas II
Director · 10% Owner
Period of report
Jan 5, 2016
Accepted (ET)
Jan 6, 2016 · 11:30 am 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 | Jan 5, 2016 | A | 1,600 | $12.06 | A | 16,473 | D | |
| Common StockF4 | holding | — | — | — | 1,514,040 | I | Dallas Financial Holdings, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5,F6 | $12.06 | Jan 5, 2016 | A | 4,000 | A | Jan 5, 2017 | Jan 5, 2026 | Common Stock | 4,000 | 14,956 | D |
Explanation of responses
- F11,600 restricted shares were granted on 1/5/16 from he 2013 Stock Bonus Plan and vest over four years; vesting commences with 400 shares on 1/5/17; 400 shares on 1/5/18; 400 shares on 1/5/19; and 400 shares on 1/5/20.
- F2Stock price at the close of business on 1/4/16.
- F310,647 of total beneficially owned shares are Restricted Stock subject to four-year vesting periods determined by the individual grant dates; 5,826 shares are held in Mr. Dallas' account at Computershare.
- F4Dallas Financial Holdings, LLC owns: 151,980 shares held in an acct. at Computershare; 1,355,736 shares held in street name; 6,324 shares held in certificate form.
- F54,000 stock options granted on 1/5/16, which vest 1/3 each year; i.e., 1,333 on 1/5/17; 1,333 on 1/5/18; and 1,334 on 1/5/19.
- F6Total exercisable options as of 1/5/16.
Remarks
Previously reported shares INO Dallas Financial Holdings, LLC was miscalculated and is correctly set forth hereinabove.