Irvin Robert Rudy - 17 Mar 2017 Form 4/A - Amendment Insider Report for FIRST UNITED CORP/MD/ (FUNC)

Role
Director
Signature
/s/ Tonya K. Sturm, attorney-in-fact
Issuer symbol
FUNC
Transactions as of
17 Mar 2017
Net transactions value
+$29,825
Form type
4/A - Amendment
Filing time
22 Dec 2021, 16:07:35 UTC
Date Of Original Report
21 Mar 2017
Next filing
22 Dec 2021
SEC
View on sec.gov

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
transaction FUNC Phantom Stock Award $29,825 +2,500 +125% $11.93* 4,500 17 Mar 2017 Common Stock 2,500 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In the Form 4 to which this amendment relates, the reporting person erroneously reported his acquisition of 2,500 shares of phantom stock as an acquisition of 2,500 shares of common stock in Table I. This amendment corrects that error by reporting the acquisition in Table II.
F2 Each share of phantom stock represents the right to receive one share of First United Corporation common stock or the cash value thereof.
F3 Shares of phantom stock are payable in cash or shares of common stock of First United Corporation following the reporting person's separation from service with First United Corporation. The phantom stock account is maintained under a deferred compensation plan, and the reporting person may transfer that account into an alternative account at any time.