FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SCHUETTE REX S
2. Issuer Name and Ticker or Trading Symbol

UNITED COMMUNITY BANKS INC [ UCBI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP & CFO
(Last)          (First)          (Middle)

101 JULIUS CHAMBERS DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

7/13/2012
(Street)

BLAIRSVILLE, GA 30512
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   7/13/2012     A    416   A $0   21813   D  
 
Common Stock Issuable                  4606   (1) D  
 
Common Stock (Restricted Stock Units)                  27622   D  
 
Common Stock                  11671   (2) I   By 401k  
Common Stock                  1800   (3) I   Andrea Rafferty/Schuette (Spouse)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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

Explanation of Responses:
( 1)  Acquired pursuant to the United Community Banks Deferred Compensation Plan. The number of shares as quoted is based upon the previous day's market value of $7.99 per share of UCBI common stock and can fluctuate with the stock price. The units are to be settled in UCBI common stock at the NAV upon termination of employment, subject to any applicable restrictions under the TARP at such time.
( 2)  Subject to a pre-arranged bi-monthly contribution.
( 3)  Includes 1,800 shares owned by Mr. Schuette's spouse for which he claims beneficial ownership.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SCHUETTE REX S
101 JULIUS CHAMBERS DRIVE
BLAIRSVILLE, GA 30512


EVP & CFO

Signatures
Lois J. Rich by Power of Attorney 7/16/2012
** 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 control number.
United Communty Banks (NASDAQ:UCBI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more United Communty Banks Charts.
United Communty Banks (NASDAQ:UCBI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more United Communty Banks Charts.