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4//SEC Filing

UNITED COMMUNITY BANKS INC 4

Accession 0000857855-15-000001

$UCBCIK 0000857855operating
View on SEC.govCompany Profile

Filed

Feb 2, 7:00 PM ET

Accepted

Feb 3, 7:40 PM ET

Size

16.8 KB

Accession

0000857855-15-000001

Insider Transaction Report

Form 4
Period: 2014-09-13
UNITED COMMUNITY BANKS INCUCBI
Shearrow David P
EVP of Risk Management
Transactions
  • Award

    Common Stock (RSU's)

    2015-01-31+13,761→ 32,109 total
  • Tax Payment

    Common Stock

    2014-09-13$18.31/sh−2,005$36,712→ 24,085 total
  • Disposition to Issuer

    Common Stock (RSUs)

    2015-01-31−18,348→ 13,761 total
  • Award

    Common Stock (PSUs)

    2015-01-31+21,406→ 53,515 total
  • Disposition to Issuer

    Common Stock (PSUs)

    2015-01-31−32,109→ 21,406 total
Holdings

  • Common Shares Issuable

    45,272.009
Footnotes (7)
  • [F1]Represents shares of United Community Banks, Inc. common stock to satisfy tax obligations upon vesting of Restricted Stock Units ("RSUs") and performance-based Restricted Stock Units ("PSUs").
  • [F2]Reflects a reclassification of PSUs to Common Stock pursuant to vesting.
  • [F3]Represents a grant of RSUs. The RSUs will vest at 33.33% on August 12 of years 2015, 2016, and 2017.
  • [F4]Reflects a reclassification of RSUs to Mr. Shearrow's Deferred Compensation Plan account pursuant to vesting.
  • [F5]Represents a grant of PSUs. The PSUs will vest at 50% on January 25, 2016, and 50% on January 25, 2017 based upon meeting certain performance criteria for each period. The performance threshold and target levels are based upon 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 percent.
  • [F6]Represents RSUs and PSUs previously granted to Mr. Shearrow under the United Community Banks, Inc. ("United") employee stock option plan that were forfeited by Mr. Shearrow in exchange for a modification to his supplemental retirement benefits under United's Modified Retirement Plan and the grants of 13,761 RSUs and 21,406 PSUs described in footnotes 3 and 5 above.
  • [F7]Acquired pursuant to The United Community Banks Deferred Compensation Plan.

Documents

2 files

Issuer

UNITED COMMUNITY BANKS INC

CIK 0000857855

→
Entity typeoperating
IncorporatedGA

Related Parties

1
  • filerCIK 0000857855

Filing Metadata

Form type
4
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 7:40 PM ET
Size
16.8 KB
View on SEC.gov