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FIRST US BANCSHARES, INC. — Director's Dealing 2012
Aug 21, 2012
34407_dirs_2012-08-21_cffd8b8d-ffb9-4556-ba8e-d9421519e179.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNITED SECURITY BANCSHARES INC (USBI)
CIK: 0000717806
Period of Report: 2012-08-17
Reporting Person: House James F (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-08-17 | Common Stock, par value $.01 | P | 10000 | $6.2138 | Acquired | 15000 | Direct |
| 2012-08-21 | Common Stock, par value $.01 | A | 5000 | — | Acquired | 20000 | Direct |
Footnotes
F1: This price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions reported on this line ranged from $6.00 to $6.25. Upon request by the Commission staff, the issuer or a security holder of the issuer, the reporting person will undertake to provide full information regarding the number of shares purchased at each separate price.
F2: Pursuant to the terms of Mr. House's Executive Employment Agreement with United Security Bancshares, Inc. (the "Company") and First United Security Bank (the "Bank"), the Board of Directors of the Company awarded 5,000 fully-vested shares of common stock of the Company to Mr. House based on his personal performance and leadership since the commencement of his employment on November 7, 2011 with the Company and the Bank.