GRANT WILLIAM B 4
4 · FIRST UNITED CORP/MD/ · Filed May 24, 2013
Insider Transaction Report
Form 4
GRANT WILLIAM B
DirectorChairman/CEO/President
Transactions
- Discretionary Transaction
Phantom Stock
2013-05-23$7.37/sh+500$3,685→ 14,500 total→ Common Stock (500 underlying)
Footnotes (2)
- [F1]Each share of phantom stock represents the right to receive one share of First United Corporation common stock or the cash value thereof.
- [F2]Shares of phantom stock are payable in cash or in shares of common stock of First United Corporation following the reporting person's separation from service with First United Corporation. The phantom stock account is maintained under a deferred compensation plan, and the reporting person may transfer that account into an alternative account at any time.