4//SEC Filing
MACKOVAK BENJAMIN 4
Accession 0001137547-23-000052
CIK 0001137547other
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:47 PM ET
Size
11.5 KB
Accession
0001137547-23-000052
Insider Transaction Report
Form 4
MACKOVAK BENJAMIN
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-06-01−569→ 15,000 totalExercise: $6.22From: 2023-06-01Exp: 2023-06-01→ Common Stock (569 underlying) - Exercise/Conversion
Common Stock
2023-06-01+569→ 6,814 total - Sale
Common Stock
2023-06-01$7.00/sh−932,491$6,527,437→ 0 total(indirect: By: Strategic Value Investors LP) - Award
Restricted Stock Units
2023-06-01+569→ 15,569 totalExercise: $0.00From: 2023-06-01Exp: 2023-06-01→ Common Stock (569 underlying)
Footnotes (5)
- [F1]Represents common stock issued pursuant to the vesting and settlement of 100% of the restricted stock units that were granted on June 1, 2023.
- [F2]Shares owned directly by Strategic Value Investors LP. Mr. Mackovak, solely by virtue of his position as a managing member of Strategic Value Bank Partners LLC, which serves as the general partner of Strategic Value Investors LP, may be deemed to beneficially own the shares owned directly by Strategic Value Investors LP for purposes of Section 16. Mr. Mackovak expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Mr. Mackovak was the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F3]Represents a grant of restricted stock units on June 1, 2023, in consideration for service as a member of the Company's Board of Directors. 100% of the restricted stock units were vested on the grant date.
- [F4]Represents common stock closing price on June 1, 2023.
- [F5]Represents the complete vesting of all restricted stock units granted on June 1, 2023.
Documents
Issuer
UNITED SECURITY BANCSHARES
CIK 0001137547
Entity typeother
Related Parties
1- filerCIK 0001697577
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:47 PM ET
- Size
- 11.5 KB