LORING CHARLES S 4
4 · UNITY BANCORP INC /NJ/ · Filed Sep 12, 2012
Insider Transaction Report
Form 4
LORING CHARLES S
Director
Transactions
- Exercise/Conversion
Stock Options
2012-09-11$6.07/sh−6,701$40,675→ 28,753 totalExercise: $5.04From: 2005-10-17Exp: 2012-10-17→ Common Stock (1,134 underlying) - Tax Payment
Common Stock
2012-09-11$6.07/sh+1,134$6,883→ 171,891 total
Footnotes (2)
- [F1]A total of 6,701 stock options were exercised. A "net-out" of stock options resulted in the issuance of 316 common shares. The balance of 1,549 shares were cancelled and returned to authorized but unissued. A "net-out" of stock options resulted in the issuance of 818 common shares. The balance of 4,018 shares were cancelled and returned to authorized but unissued. Total shares issued through the above "net-out" were 1,134.
- [F2]6,701 stock options granted 10/16/2002, which vested 1/3 per year until fully vest on 10/16/2005 and an expiration date of 10/16/2012.