United Community Bancorp 4
4 · United Community Bancorp · Filed Aug 21, 2014
Insider Transaction Report
Form 4
Ritzmann William F
DirectorPresident & CEO
Transactions
- Other
Common Stock
2014-08-14−10,704.248→ 0 total(indirect: By 401(k))
Holdings
- 12,841(indirect: By IRA)
Common Stock
- 9,700(indirect: Restricted Stock)
Common Stock
- 43,616
Stock Option (Right to Buy)
Exercise: $17.54From: 2008-01-02Exp: 2016-12-14→ Common Stock (43,616 underlying) - 23,588
Common Stock
- 8,632.366(indirect: By ESOP)
Common Stock
- 27,510
Stock Option (Right to Buy)
Exercise: $11.33Exp: 2024-04-24→ Common Stock (27,510 underlying)
Footnotes (4)
- [F1]In connection with his retirement as an officer of United Community Bancorp ("Company") the reporting person received a distribution of his account balance under the United Community Bank 401(k) Plan ("Plan"). The Plan did not provide the reporting person with the option to rollover shares held in his account to an IRA. The Plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Company common stock. Accordingly, on August 14, 2014, the Plan Administrator sold 10,704.248 units on behalf of the reporting person. The units converted to 9,950 shares of Company common stock and $504.32 in cash. The shares were sold at $11.5335 per share and the reporting person received $114,758.32 in connection with the disposition of Company common stock.
- [F2]Restricted stock vests in five equal annual installments beginning on April 24, 2015, the first anniversary of the date of the award.
- [F3]Stock options vest in five equal annual installments beginning on April 24, 2015, the first anniversary of the date of the grant.
- [F4]Stock options are fully vested and exercisable.