UNITED COMMUNITY BANKS INC 4
4 · UNITED COMMUNITY BANKS INC · Filed Aug 14, 2013
Insider Transaction Report
Form 4
Shearrow David P
EVP of Risk Management
Transactions
- Award
Common Stock (PSUs)
2013-08-12+48,650→ 48,650 total - Award
Common Stock (RSU's)
2013-08-12+20,850→ 32,630 total
Holdings
- 20,064
Common Stock
- 20,184
Common Shares Issuable
Footnotes (3)
- [F1]Represents a multi-year grant that was issued in connection with performance based Restricted Stock Units ("RSUs") whereby the participant will not be eligible to receive additional multi-year grants until 2016. The RSUs will vest at 12% on September 13, 2014, and 22% on January 25 of years 2015, 2016, 2017, and 2018.
- [F2]Represents a grant of multi-year performance based Restricted Stock Units ("RSUs") whereby it is planned that the participant will not be eligible to receive additional multi-year grants of performance based RSUs until 2016. RSUs will vest at 12% on September 13, 2014, and 22% on January 25 of years 2015, 2016, 2017, and 2018 based upon meeting certain performance criteria for each period. The performance threshold and target levels are based meeting or exceeding certain earnings per share and return on assets levels and if the target level is not met the vesting level payable for that period is zero %.
- [F3]Acquired pursuant to The United Community Banks Deferred Compensation Plan. The number of shares as quoted is based upon the previous day's market value per share and can fluctuate with the stock's market price. The units are to be settled in UCBI common stock at the NAV upon termination of employment or earlier, if so elected.