FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
UNITY BANCORP INC /NJ/ [ UNTY ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/17/2017 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 11/17/2017 | M | 3,111(1) | A | $7 | 105,355(2) | D | |||
Common Stock | 11/17/2017 | M | 1,363(3) | A | $6.8 | 105,355(2) | D | |||
Restricted Stock | 13,995 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options | $7 | 11/17/2017 | M | 8,085(4) | 02/28/2009(5) | 02/28/2018(5) | Common Stock | 8,085 | $7 | 33,000(6) | D | ||||
Stock Options | $6.8 | 11/17/2017 | M | 3,465(7) | 04/02/2009(8) | 04/02/2018(8) | Common Stock | 3,465 | $6.8 | 33,000(6) | D |
Explanation of Responses: |
1. Mr. Hughes exercised 4,785 stock options at $7.00 through a "net out" with the Company based on the stock price of $20.00 resulting in the issuance of 3,111 shares. |
2. 105,355 shares consisting of 79,456 shares held in an account at Computershare, 17,427 shares held in a brokerage account, and 8,472 shares in a 401K plan. |
3. Mr. Hughes exercised 2,065 stock options at $6.80 through a "net out" with the Company based on the stock price of $20.00 resulting in the issuance of 1,363 shares. |
4. Mr. Hughes exercised 8,085 stock options at $7.00 per share. 3,300 shares were sold at $19.89 per share. |
5. 8,085 stock options were granted on 2/29/2008, which vested one-third per year commencing 2/28/2009; 2/28/2010; and 2/28/2011 at $7.00 per share that expire on 2/28/2018. |
6. 33,000 stock options were granted to Mr. Hughes of which 22,000 are currently exercisable. |
7. Mr. Hughes exercised 3,465 stock options at $6.80 per share. 1,400 were sold at $19.89 per share. |
8. 3,465 stock options were granted on 4/2/2008, which vested one-third per year commencing 4/2/2009; 4/2/2010; and 4/2/2011 at $6.80 per share that expire on 4/2/2018. |
Remarks: |
Total Beneficial Ownership: 141,350 |
James A. Hughes, POA Alan Bedner, CFO | 11/20/2017 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |