Raj Patel - 21 Oct 2021 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Raj Patel, POA Laurie Cook, Chief Accounting Officer/SVP
Issuer symbol
UNTY
Transactions as of
21 Oct 2021
Net transactions value
+$87,194
Form type
4
Filing time
25 Oct 2021, 14:02:22 UTC
Next filing
05 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Common Stock Options Exercise $49,654 +2,200 +6.4% $22.57 36,428 21 Oct 2021 Direct
transaction UNTY Common Stock Options Exercise $37,540 +2,000 +5.5% $18.77 38,428 21 Oct 2021 Direct F1
holding UNTY Restricted Stock 1,563 21 Oct 2021 Direct F2

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 UNTY Stock Option (Right to Buy) Options Exercise $0 -2,200 -9.7% $0.000000 20,500 21 Oct 2021 Common Stock 2,200 $22.57 Direct F3
transaction UNTY Stock Options (Right to buy) Options Exercise $0 -2,000 -9.8% $0.000000 18,500 21 Oct 2021 Common Stock 2,000 $18.77 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 5,990 shares are held in an account at Shareworks, and 32,438 shares are held in additional brokerage accounts.
F2 1,563 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
F3 Vests 2,200 share(s) on 02-Jan-2021, 2,200 share(s) on 02-Jan-2022, 2,200 share(s) on 02-Jan-2023.
F4 Vests 1,000 share(s) on 21-Dec-2019, 1,000 share(s) on 21-Dec-2020, 1,000 share(s) on 21-Dec-2021.
F5 18,500 stock options were granted under various dates and vesting periods of which 9,100 are currently exercisable.

Remarks:

Total Beneficial Ownership: 49,091