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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options | $ 9.11 (2) | 03/17/2015 | A | 10,000 (4) | 03/17/2016(4) | 03/17/2025 | Common Stock | 10,000 (4) | $ 9.11 (2) | 80,068 (5) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BEDNER ALAN J C/O UNITY BANCORP, INC. 64 OLD HIGHWAY 22 CLINTON, NJ 08809 |
EVP/CFO |
Alan J. Bedner, POA Linda B. McDermott, Corp. Sec. | 03/17/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 2,000 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. |
(2) | Stock price at the close of business on 3/16/15. |
(3) | 1,790 are held in Mr. Bedner's 401K; 10,497 are restricted shares. |
(4) | 10,000 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-third of the option shall vest; i.e., 3,333 on 3/17/16; 3,333 on 3/17/17; and 3,334 on 3/17/18. |
(5) | 58,401 options are currently exercisable; 21,667 and unexercisable. |