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

Role
Director
Signature
/s/ Tonya K. Sturm, attorney-in-fact
Stock symbol
FUNC
Transactions as of
Mar 17, 2017
Transactions value $
$29,825
Form type
4/A - Amendment
Date filed
12/22/2021, 04:07 PM
Date Of Original Report
Mar 21, 2017
Next filing
Dec 22, 2021

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 $29.8K +2.5K +125% $11.93* 4.5K Mar 17, 2017 Common Stock 2.5K 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.