UNITED COMMUNITY BANKS INC 4
4 · UNITED COMMUNITY BANKS INC · Filed Dec 6, 2016
Insider Transaction Report
Form 4
SCHUETTE REX S
EVP & CFO
Transactions
- Award
COMMON STOCK (PSUs)
2016-12-02+7,276→ 28,682 total - Award
COMMON STOCK (RSUs)
2016-12-02+3,119→ 12,293 total
Holdings
- 33,721
COMMON STOCK
- 1,800(indirect: By Spouse)
COMMON STOCK
- 65,547.7
COMMON STOCK ISSUABLE
- 16,460.7(indirect: By 401(k))
COMMON STOCK
Footnotes (4)
- [F1]Represents a grant of multi-year performance based Restricted Stock Units ("PSUs"). PSUs will vest at 25% on February 15, 2018, 2019, 2020 and 2021 based upon meeting certain operating performance criteria for each year. The annual operating performance for Threshold, Target and Maximum levels range are 50%, 100% and 150%, respectively, and are based upon meeting or exceeding certain annual operating return on assets and operating return on tangible common equity levels, which are weighted 50/50. If an individual Threshold level is not met, then that portion of the vesting level payable is zero.
- [F2]Represents a grant of multi-year time based Restricted Stock Units ("RSUs") that were granted in connection with the grant of PSUs. RSUs will vest at 25% on February 15, 2018, and November 15, 2018, 2019 and 2020.
- [F3]Reflects reclassification of PSUs into Phantom Stock pursuant to the United Community Banks Deferred Compensation Plan.
- [F4]Includes shares acquired pursuant to dividend reinvestment.