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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 | $ 9.14 | 01/29/2015 | A | 10,000 | 01/29/2016(4) | 01/29/2025 | Common Stock | 10,000 | $ 9.14 | 38,218 (5) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HUGHES JAMES A C/O UNITYBANK CORP 64 OLD HWY 22 CLINTON, NJ 08809 |
X | President/CEO |
James A. Hughes, POA Linda B. McDermott | 01/29/2015 | |
**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) | 2,400 Restricted shares were granted on 1/29/15 from the 2013 Stock Bonus Plan: vesting commences with 600 shares on 1/29/16; 600 shares on 1/29/17; 600 shares on 1/29/18 and 600 shares on 1/29/19. |
(2) | Stock price at the close of business on 1/28/15. |
(3) | 16,947 shares of total beneficially owned shares are Restricted Stock. |
(4) | 10,000 non-qualified stock options were granted on 1/29/2015 from the 2011 Stock Option Plan; vesting over a three-year period and on each of the the first three anniversary dates, one-third of the option shall vest; i.e., 3,333 on 1/29/16; 3,333 on 1/29/17; and 3,334 on 1/29/18. |
(5) | 18,218 options are currently exercisable from the 2006 Stock Option Plan: 7,178 options granted on 1/25/07 @ $12.62 expire 1/25/17; 7,350 options granted on 2/29/08 @ $7.70 expire 2/29/18; and 3,150 options granted on 4/2/08 @ $7.48 expire 4/2/18. 20,000 options granted from the 2011 Stock Option Plan are currently unexercisable: 10,000 options granted on 3/27/14 @ $7.97 expire 3/27/24; and 10,000 options granted 1/29/15 @ $9.14 expire 1/29/25. |