UNITY BANCORP INC /NJ/ — Director's Dealing 2020

Mar 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITY BANCORP INC /NJ/ (UNTY)
CIK: 0000920427
Period of Report: 2020-03-16

Reporting Person: HUGHES JAMES A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-16	Restricted Stock	A	6000.00	$0.00	Acquired	27824.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-16	Stock Option (Right to Buy)	$16.27	A	15000.00	Acquired	2030-03-16	Common Stock (15000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	108260.00	Direct

Footnotes

F1: 6,000 restricted shares were granted on 3/16/2020 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 1,500 shares on 3/16/2021, 1,500 shares on 3/16/2022, 1,500 shares on 3/16/2023, and 1,500 shares on 3/16/2024.

F2: 27,000 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 27,824.

F3: 108,260 shares consisting of 80,316 shares held in an account at Shareworks, 6,085 shares held in an account at Computershare, 12,427 shares held in a brokerage account, and 9,432 shares are held in a 401K plan.

F4: 15,000 stock options were granted on 3/16/2020 from the 2019 Equity Compensation Plan and vest over three years; vesting commences with 5,000 shares on 3/16/2021, 5,000 shares on 3/16/2022, and 5,000 shares on 3/16/2023.

F5: 97,000 stock options were granted under various dates and vesting periods of which 52,668 are currently exercisable.