Statement of Changes in Beneficial Ownership (4)

Date : 03/13/2018 @ 1:47PM
Source : Edgar (US Regulatory)
Stock : Unity Bancorp, Inc. (UNTY)
Quote : 23.15  0.2 (0.87%) @ 8:00PM
Unity Bancorp, Inc. share price Chart

Statement of Changes in Beneficial Ownership (4)

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 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

KAUCHAK JOHN J
2. Issuer Name and Ticker or Trading Symbol

UNITY BANCORP INC /NJ/ [ UNTY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

UNITY BANK, 64 OLD HIGHWAY 22
3. Date of Earliest Transaction (MM/DD/YYYY)

3/9/2018
(Street)

CLINTON, NJ 08809
(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
Restricted Stock   3/9/2018     A    4000   (1) A $21.15   9950   (2) D    
Common Stock                  50309   (3) D    

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
Stock Options   $21.15   3/9/2018     A      10000   (4)      3/9/2019   3/9/2028   Common Stock   10000.0   $21.15   94800   (5) D    

Explanation of Responses:
(1)  4,000 restricted shares were granted on 3/9/2018 from the 2013 Stock Bonus Plan and vest over four years; vesting commences with 1,000 shares on 3/9/19; 1,000 shares on 3/9/20; 1,000 shares on 3/9/21; and 1,000 shares on 3/9/22.
(2)  9,950 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
(3)  50,309 shares are held in an account at Computershare.
(4)  10,000 stock options were granted on 3/9/18, which vest 1/3 per year; i.e., 3,334 on 3/9/19; 3,333 on 3/9/20; and 3,333 on 3/9/21.
(5)  94,800 stock options were granted to Mr. Kauchak of which 74,467 are currently exercisable.

Remarks:
Total Beneficial Ownership: 134,726

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
KAUCHAK JOHN J
UNITY BANK
64 OLD HIGHWAY 22
CLINTON, NJ 08809


EVP/COO

Signatures
John J. Kauchak, POA Laurie Cook, Controller/SVP 3/12/2018
** 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).
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.

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