4 1 doc1.htm Form 4
Form 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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1. Name and Address of Reporting Person*
Nelson, Thomas		 2. Issuer Name and Ticker or Trading Symbol
Hudson United Bancorp   (HU)

6. Relationship of Reporting Person(s) to Issuer

(Check all applicable)      

___ Director                            ___ 10% Owner
_X_ Officer (give title below)   ___ Other (specify below)
EVP Hudson United Bancorp & (Pres-Shoppers)
(Last)             (First)            (Middle)

68 East Lake Road 		3. I.R.S. Identification Number of Reporting Person, if an entity
(voluntary)

4. Statement for Month/Day/Year

10/03/2002
(Street)

Kinnelon, NJ 07405		 5. If Amendment, Date of Original (Month/Day/Year)

  		7. Individual or Joint/Group Filing
(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)             (State)             (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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
Transactions
(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
Hudson United Bancorp -Common Stock 10/03/2002   J **   -4.743 D $26.96   I 401K
Hudson United Bancorp -Common Stock 10/10/2002   I   3.1254 A $24.62   I 401K
Hudson United Bancorp -Common Stock 10/25/2002   I   2.5183 A $30.56   I 401K
Hudson United Bancorp -Common Stock               9,428.729 I Total 401K
Hudson United Bancorp -Common Stock               13,600 D Restricted
Hudson United Bancorp -Common Stock               19,212 D  
Hudson United Bancorp -Common Stock             Total 42,240.729    
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 Instructions 4(b)(v).
 
 Potential persons who are to 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.
 (Over)
SEC 1474 (9-02)
FORM 4 (continued)
 Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) 		 
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)
Code V (A) (D) Date
Exercisable		 Expiration
Date		 Title Amount
or
Number
of Shares
Hudson United Bancorp - Common   09/dd/2002           06/13/1995 12/12/2004 Stock Options   $10.362 5,570 D Options
Hudson United Bancorp - Common   09/dd/2002           06/13/1996 12/12/2004 Stock Options   $10.362 5,570 D Options
Hudson United Bancorp - Common   09/dd/2002           06/13/1997 12/12/2004 Stock Options   $10.362 5,570 D Options
Hudson United Bancorp - Common   09/dd/2002           06/13/1998 12/12/2004 Stock Options   $10.362 5,570 D Options
Hudson United Bancorp - Common   09/dd/2002           06/13/1999 12/12/2004 Stock Options   $10.362 5,570 D Options
Hudson United Bancorp - Common   09/dd/2002           11/01/2001 11/01/2006 Stock Options   $17.367 3,713 D Options
Hudson United Bancorp - Common   09/dd/2002           11/19/2002 11/19/2007 Stock Options   $28.972 14,587 D Options
Hudson United Bancorp - Common   09/dd/2002           03/22/2004 03/22/2009 Stock Options   $29.127 113 D Options
Hudson United Bancorp - Common   09/dd/2002             * 12/06/2011 Stock Options   $27.46 10,000 D Options
Hudson United Bancorp - Common   09/dd/2002             * 08/07/2012 Stock Options   $27.39 14,000 D Options
Explanation of Responses:

* 1/3 3rd year; 1/3 4th year; 1/3 5th year
** Dividend
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).		 /s/ Thomas Nelson
**Signature of Reporting Person 		11/08/2002 
Date
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