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

Mar 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITY BANCORP INC /NJ/ (UNTY)
CIK: 0000920427
Period of Report: 2021-03-25

Reporting Person: HUGHES JAMES A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-25	Restricted Stock	A	10000.00	$0.00	Acquired	27949.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-25	Stock Options (Right to buy)	$20.56	A	25000.00	Acquired	2031-03-25	Common Stock (25000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	114041.00	Direct

Footnotes

F1: 10,000 restricted shares were granted on 3/25/2021 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 2,500 shares on 3/25/2022, 2,500 shares on 3/25/2023, 2,500 shares on 3/25/2024, and 2,500 shares on 3/25/2025.

F2: 27,125 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 27,949.

F3: 114,041 shares consisting of 86,097 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: 25,000 stock options were granted on 3/25/2021 from the 2019 Equity Compensation Plan.

F5: 33+% per year for 3 years beginning on 3/25/2022.

F6: 122,000 stock options were granted under various dates and vesting periods of which 74,001 are currently exercisable.