WILLIAMS JOSEPH R 4
4 · UNITED BANCORP INC /MI/ · Filed Mar 8, 2013
Insider Transaction Report
Form 4
WILLIAMS JOSEPH R
Executive Vice President
Transactions
- Award
Stock Appreciation Rights
2013-03-06$5.05/sh+3,000$15,150→ 3,000 totalExercise: $5.05Exp: 2023-03-06→ Common Stock (3,000 underlying) - Award
Restricted Stock Units
2013-03-06$5.05/sh+5,000$25,250→ 5,000 total→ Common Stock (5,000 underlying)
Holdings
- 4,960
Common Stock $0.00 Par
- 1,000
Common Stock $0.00 Par
- 21,090
Common Stock $0.00 Par
- 87
Common Stock $0.00 Par
Footnotes (3)
- [F1]Stock Appreciation Rights settled in shares of common stock. The right to exercise the Stock Appreciation Rights will vest one-third on each of the first three anniversaries of the date of the award.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of common stock.
- [F3]Restricted Stock Units will vest and be convertible into shares of common stock upon the attainment by the Company of certain financial performance criteria for the year ending December 31, 2013 and continued employment through March 6, 2016.