-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MVcOriCgEIE2vi98PAHT3it1OivFFa+aICmr0Af1AevmY6kwrLGgrnNSuCr4OvIz HcfGcNSxRIA5KJ61SsK4kA== 0001014100-03-000310.txt : 20031222 0001014100-03-000310.hdr.sgml : 20031222 20031222172503 ACCESSION NUMBER: 0001014100-03-000310 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031218 FILED AS OF DATE: 20031222 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GRANT WILLIAM B CENTRAL INDEX KEY: 0001208051 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-14237 FILM NUMBER: 031068420 MAIL ADDRESS: STREET 1: P O BOX 9 CITY: OAKLAND STATE: MD ZIP: 21550 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST UNITED CORP/MD/ CENTRAL INDEX KEY: 0000763907 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 521380770 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 19 S SECOND ST CITY: OAKLAND STATE: MD ZIP: 21550 BUSINESS PHONE: 3013349471 MAIL ADDRESS: STREET 1: 19 S SECOND ST CITY: OAKLAND STATE: MD ZIP: 21550 4 1 gra17.xml X0201 4 2003-12-18 0 0000763907 FIRST UNITED CORP/MD/ FUNC 0001208051 GRANT WILLIAM B 19 SOUTH SECOND STREET P.O. BOX 9 OAKLAND MD 215500009 1 1 0 0 Chief Executive Officer Common Stock 2003-12-18 4 X 0 4685.35 0 A 4981.458 D Common Stock 2003-12-18 4 S 0 4685.35 24.870 D 296.108 D Common Stock 2563.193 I By 401(k) Common Stock 5.000 I By Daughter Common Stock 178.766 I By Son Common Stock 5214.503 I By Spouse Common Stock 166.086 I By Spouse/Daughter Common Stock 309.330 I By Spouse/IRA Phantom Stock 0.000 2003-12-18 4 X 0 4685.35 0 D Common Stock 4685.350 0.000 D The reporting person engaged in an intra-plan transfer pursuant to which the shares of phantom stock were converted into cash that was invested in alternative investment options available under the First United Corporation deferred compensation plan. Amount includes 6.00 of the 11.00 shares previously reported as held by daughter. These 6.00 shares are held by the reporting person and his daughter as joint tenants. Amount does not include 4313.11 shares of common stock reported in previous reports as being held directly through a non-qualified deferred compensation plan. These deferred compensation shares were listed in error and should have been shown as phantom stock. See footnote 14. Amount includes 9.1578 shares acquired under the First United Dividend Reinvestment Plan. Between December 31, 2002 and the date of this report, the reporting person acquired 79.904 shares of common stock under the 401(k) plan. Shares were previously designated as held directly through an ESOP, which was merged into the First United Corporation 401(k) plan in 2000. These shares should have been reported as being held indirectly. Six of the 11 shares previously reported as held by daughter are held as joint tenants with the reporting person. Therefore, these six shares are included in the reporting person's direct holdings line item. Shares have previously been reported as being held directly by daughter. The reporting person holds these shares as custodian for the benefit of his dauther, and the shares should have been reported as being held indirectly. Amount includes 5.643 shares of common stock acquired under the First United Corporation dividend reinvestment plan. Shares have previously been reported as being held directly by son. The reporting person holds these shares as custodian for the benefit of his son, and these shares should have been reported as being held indirectly. Amount includes 164.591 shares of common stock acquired under the First United Corporation dividend reinvestment plan. Shares have previously been reported as being held directly by spouse. These shares should have been reported as being held indirectly by spouse. Amount includes 5.242 shares of common stock acquired under the First United Corporation dividend reinvestment plan. Amount includes 9.93 shares of common stock acquired under the First United Corporation dividend reinvestment plan. In previous reports, the reporting person has erroneously identified shares of phantom stock as actual shares of common stock held directly in a Non-Qualified Deferred Compensation Plan, including with respect to the acquisition of 1,000 shares on 4/16/1999, 2,000 shares on 3/31/2000, and 1,000 shares on 4/5/2001. These shares are actually deemed investments in shares of common stock, the market value of which is held in a Rabbi Trust. All references in any Form 4 or Form 5, or any amendment thereto, to common stock held directly by a Deferred Compensation Plan, should be deemed references to phantom stock. Each share of phantom stock may be converted into 1 share of First United Corporation common stock. Total includes shares of phantom stock acquired pursuant to the First United Corporation dividend reinvestment plan available to holders of common stock as follows: 43.42 shares acquired on 11/1/01 that were not previously reported; 180.6 shares acquired in 2002 that were not previously reported; and 148.22 shares acquired in 2003. Shares of phantom stock are exercisable Immediately. Shares of phantom stock were payable in cash or stock, at the election of the reporting person, upon the reporting person's termination of service as a director or an executive officer. By: /s/ William B. Grant 2003-12-22 -----END PRIVACY-ENHANCED MESSAGE-----