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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 | $ 20.61 | 03/12/2019 | A | 25,000 (4) | 03/12/2020 | 03/12/2029 | Common Stock | 25,000 | $ 20.61 | 82,000 (5) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HUGHES JAMES A UNITY BANK 64 OLD HWY 22 CLINTON, NJ 08809 |
X | President/CEO |
James A. Hughes, POA Laurie Cook, Controller/SVP | 03/12/2019 | |
**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) | 10,000 restricted shares were granted on 3/12/2019 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 2,500 shares on 3/12/2020, 2,500 shares on 3/12/2021, 2,500 shares on 3/12/2022, and 2,500 shares on 3/12/2023. |
(2) | 21,375 shares are held in an account at Computershare, which have upcoming vesting dates. 717 shares are dividend reinvested shares for a total of 22,092. |
(3) | 103,697 shares consisting of 75,775 shares held in an account at Shareworks, 6,063 shares held in an account at Computershare, 12,427 shares held in a brokerage account, and 9,432 shares are held in a 401K plan. |
(4) | 25,000 stock options were granted on 3/12/2019 from the 2017 Stock Option Plan and vest over three years; vesting commences with 8,334 shares on 3/12/2020, 8,333 shares on 3/12/2021, and 8,333 shares on 3/12/2022. |
(5) | 82,000 stock options were granted under various dates and vesting periods of which 36,334 are currently exercisable. |
Remarks: Total Beneficial Ownership: 161,406 Mr. Hughes receives additional shares on a quarterly basis through his dividend reinvestment plan. |