4//SEC Filing
MIDDLETON LEN M 4
Accession 0000775345-12-000005
CIK 0000775345other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:54 PM ET
Size
6.5 KB
Accession
0000775345-12-000005
Insider Transaction Report
Form 4
MIDDLETON LEN M
Director
Transactions
- Award
Deferred Stock Units
2012-01-06$2.50/sh+600$1,500→ 7,161.24 total→ Common Stock (600 underlying)
Holdings
- 4,000
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. or United Bank & Trust, but not for serving on any committee of the board, by electing tro 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 typeother
Related Parties
1- filerCIK 0001479172
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:54 PM ET
- Size
- 6.5 KB