MAXWELL DAVID E 4
4 · UNITED BANCORP INC /MI/ · Filed Feb 2, 2007
Insider Transaction Report
Form 4
UNITED BANCORP INC /MI/UBMI.OB
MAXWELL DAVID E
Director
Transactions
- Award
Deferred Stock Units
2007-01-31$44.15/sh+10.208$451→ 1,196.154 total→ Common Stock (10.208 underlying)
Holdings
- 526
Common Stock $0.00 Par
- 675
Common Stock $0.00 Par
- 679
Common Stock $0.00 Par
- 203
Common Stock $0.00 Par
- 34,861
Common Stock $0.00 Par
- 532
Common Stock $0.00 Par
- 4,316
Common Stock $0.00 Par
- 1,330
Common Stock $0.00 Par
Footnotes (1)
- [F1]The reporting person has received an exempt award of deferred stock units under United Bancorp's Director Retainer Stock Plan. Under the Plan, a director may elect to defer payment of all or a portion of his future cash retainer for serving on the board of directors of United Bancorp, Inc., United Bank & Trust or United Bank & Trust - Washtenaw, but not for serving on any committee of the board, by electing to receive in lieu of scuh cash retainer deferred stock units. The amount of deferred stock units is equal to the amount of the cash retainer that was elected to be deferred, divided by the market price of the common stock of United Bancorp common stock on the date such cash retainer would otherwise have been paid. The deferred stock units are awarded on the date such cash reatainer would otherwise have been paid (quarterly in arrears) and are immediately vested. Each deferred stock unit is the economic equivalent of one share of common stock.