DAVID D. DALLAS - 03 Jan 2022 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director, Chairman of the Board, 10%+ Owner
Signature
David D. Dallas, poa Laurie Cook, Chief Accounting Officer/SVP
Issuer symbol
UNTY
Transactions as of
03 Jan 2022
Transactions value $
$0
Form type
4
Filing time
05 Jan 2022, 16:10:27 UTC
Next filing
05 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +2.5K +141.88% $0.00 4.26K 03 Jan 2022 Direct F1, F2
holding UNTY Common Stock 22.7K 03 Jan 2022 Direct F3
holding UNTY Common Stock 1.74M 03 Jan 2022 Dallas Financial Holdings, LLC F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding UNTY Stock Options (Right to buy) 17.3K 03 Jan 2022 Common Stock Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,500 restricted shares were granted on 1/3/2022 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 625 shares on 1/3/2023, 625 shares on 1/3/2024, 625 shares on 1/3/2025, and 625 shares on 1/3/2026.
F2 3,625 shares are held in an account at Computershare, which have upcoming vesting dates. 637 shares are dividend reinvested shares for a total of 4,262.
F3 22,656 shares are held in an account at Shareworks of which dividends are reinvested quarterly.
F4 183,404 shares are held in an account at Computershare, 1,560,310 shares are held in a brokerage account.
F5 17,333 stock options were granted under various dates and vesting periods of which 12,467 are currently exercisable.

Remarks:

Total Beneficial Ownership: 1,783,099