Dennis R. Woods - 01 Dec 2021 Form 4 Insider Report for UNITED SECURITY BANCSHARES (UBFO)

Role
CEO, Director
Signature
/s/ Dennis Woods
Issuer symbol
UBFO
Transactions as of
01 Dec 2021
Net transactions value
$0
Form type
4
Filing time
02 Dec 2021, 16:24:48 UTC
Next filing
04 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBFO Common Stock Options Exercise +378 +0.04% 843,498 01 Dec 2021 TRUSTEE F1, F5
transaction UBFO Common Stock Other 0 0% 33,088 01 Dec 2021 Spouse's IRA F6
transaction UBFO Common Stock Other 0 0% 230,202 01 Dec 2021 Direct F7

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 UBFO Restricted Stock Units Award +378 +6.3% 6,378 01 Dec 2021 Common Stock 378 $0.000000 Direct F2
transaction UBFO Restricted Stock Units Options Exercise -378 -5.9% 6,000 01 Dec 2021 Common Stock 378 $7.75 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common stock issued pursuant to the vesting and settlement of 100% of the restricted stock units that were granted on December 1, 2021.
F2 Represents a grant of restricted stock units on December 1, 2021, in consideration for service as a member of the Company's Board of Directors. 100% of the restricted stock units were vested on the grant date.
F3 Represents the complete vesting of all restricted stock units granted on December 1, 2021.
F4 Represents common stock closing price on December 1, 2021.
F5 Shares held in various trusts where Mr. Woods serves as the trustee with voting power over shares.
F6 Represents shares held in Mr. Woods Spouse's IRA. For disclosure purposes only.
F7 Represents shares held by Mr. Woods directly. For disclosure purposes only.