4//SEC Filing
UNITED BANCORP INC /MI/ 4
Accession 0000775345-08-000052
CIK 0000775345operating
Filed
Jul 8, 8:00 PM ET
Accepted
Jul 9, 3:25 PM ET
Size
8.3 KB
Accession
0000775345-08-000052
Insider Transaction Report
Form 4
UNITED BANCORP INC /MI/UBMI.OB
BUTCKO JOSEPH D
Director
Transactions
- Award
Deferred Stock United
2008-07-09$14.50/sh+162.069$2,350→ 4,490.856 total→ Common Stock (162.069 underlying)
Holdings
- 23,488
Common Stock $0.00 Par
- 1,976(indirect: By Trust)
Common Stock $0.00 Par
- 1,050
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 such 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 retainer 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.
Documents
Issuer
UNITED BANCORP INC /MI/
CIK 0000775345
Entity typeoperating
IncorporatedMI
Related Parties
1- filerCIK 0000775345
Filing Metadata
- Form type
- 4
- Filed
- Jul 8, 8:00 PM ET
- Accepted
- Jul 9, 3:25 PM ET
- Size
- 8.3 KB