UNITY BANCORP INC /NJ/ — Director's Dealing 2021

Apr 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITY BANCORP INC /NJ/ (UNTY)
CIK: 0000920427
Period of Report: 2020-12-07

Reporting Person: Rooney Stephen (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-07	Restricted Stock	F	106.00	$17.99	Disposed	2924.00	Direct
2020-12-10	Restricted Stock	F	107.00	$18.44	Disposed	2612.00	Direct
2020-12-11	Restricted Stock	A	500.00	$0.00	Acquired	3112.00	Direct
2020-12-15	Restricted Stock	F	103.00	$18.05	Disposed	2812.00	Direct
2021-01-04	Restricted Stock	F	160.00	$17.55	Disposed	2437.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-11	Stock Options (Right to buy)	$18.64	A	4000.00	Acquired	2030-12-11	Common Stock (4000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7749.00	Direct

Footnotes

F1: Shares withheld to cover tax liability on restricted stock vesting: 106 shares @ $17.99 per share on 12/7/2020, 107 shares @ $18.44 per share on 12/10/2020, 103 shares @ $18.05 per share on 12/15/2020, and 160 shares @ $17.55 per share on 1/4/2021.

F2: 500 restricted shares were granted on 12/11/2020 from the 2019 Equity Compensation Plan and vest 25+% per year for 4 years beginning on 12/11/2021.

F3: 2,437 restricted shares are held in an account at Computershare, which have upcoming vesting dates.

F4: 7,749 shares are held in an account at Morgan Stanley.

F5: 4,000 stock options were granted on 12/11/2020 from the 2019 Equity Compensation Plan.

F6: 33+% per year for 3 years beginning on 12/11/2021.

F7: 29,300 stock options were granted under various dates and vesting periods of which 20,301 are currently exercisable.