KENWELL RAYMOND C 4
4 · UNITY BANCORP INC /NJ/ · Filed Nov 21, 2011
Insider Transaction Report
Form 4
KENWELL RAYMOND C
EVP and Chief Lending Officer
Transactions
- Award
Common Stock
2011-11-17$6.40/sh+1,000$6,400→ 4,000 total - Award
Stock Option
2011-11-17$6.40/sh+5,000$32,000→ 20,000 totalExercise: $6.40From: 2012-11-17Exp: 2021-11-17→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1](1) 1,000 Restricted Shares were granted effective 11/17/2011 and issued from the 2011 Stock Bonus Plan; vesting commences with 250 shares on 11/17/2012; 250 shares on 11/17/2013; 250 shares on 11/17/2014 and 250 shares on 11/17/2015
- [F2](2) Total Restricted Stock
- [F3](3) 5,000 non-qualified stock options were granted on 11/17/2011 from the 2011 Stock Option Plan; vesting over a three year period and on each of the frist three anniversary dates, one-third of the option shall vest; i.e. 1.666.67 on 11/17/2012, 1,666.67 on 11/17/2013 and 1666.66 on 11/17/2014.
- [F4](4) All 20,000 are not exercisable.