SEC FORM 4

SEC Form 4

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^*

DALLAS ROBERT H II

(Last)

(First)

(Middle)

C/O UNITY BANCORP INC

64 OLD HIGHWAY 22

(Street)

CLINTON

08809

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITY BANCORP INC /NJ/ [ UNTY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/10/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock								3,641⁽¹⁾	D
Common Stock	01/10/2018		M		2,933	A	$10.97	14,898⁽²⁾	D
Common Stock	01/10/2018		M		500	A	$15.7	14,898⁽²⁾	D
Common Stock								1,706,942⁽³⁾	I	Dallas Financial Holdings, LLC

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 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$10.97	01/10/2018		M			2,933⁽⁴⁾	01/05/2017⁽⁵⁾	01/05/2026⁽⁵⁾	Common Stock	2,933	$10.97	5,667⁽⁶⁾	D
Stock Options	$15.7	01/10/2018		M			500⁽⁴⁾	01/03/2018⁽⁷⁾	01/03/2027	Common Stock	500	$15.7	5,667	D

Explanation of Responses:

1. 3,190 restricted stock shares are currently held in an account at Computershare, which have upcoming vesting dates; 451 shares are dividend reinvested shares for a total of 3,641.

2. 14,898 shares are held in Mr. Dallas' name in an account at Computershare.

3. 171,632 shares are held in an account at Computershare; 1,535,310 shares are held in a brokerage account.

4. Mr. Dallas exercised 2,933 stock options at $10.97 per share, and 500 stock options at $15.70 per share.

5. 4,400 stock options were granted on 1/5/2016, which vest one-third per year at $10.97 per share and expire on 1/5/2016.

6. A total of 5,667 stock options were granted under various dates and vesting periods of which none are currently exercisable.

7. 1,500 stock options were granted on 1/3/2017, which vest one-third per year at $15.70 per share and expire on 1/3/2027.

Remarks:

Total Beneficial Ownership: 1,725,481

	Robert H. Dallas, II, poa Laurie Cook, Controller/SVP	01/12/2018
	** 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).
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