LORING CHARLES S 4
4 · UNITY BANCORP INC /NJ/ · Filed Jun 9, 2011
Insider Transaction Report
Form 4
LORING CHARLES S
Director
Transactions
- Exercise/Conversion
Common Stock
2011-06-09$3.17/sh+40,202$127,440→ 182,702 total - Exercise/Conversion
Stock Option
2011-06-09$3.17/sh−40,202$127,440→ 32,787 totalExercise: $3.17From: 2004-07-19Exp: 2011-07-19→ Common Stock (40,202 underlying) - Tax Payment
Common Stock
2011-06-09$3.17/sh−18,604$58,975→ 168,757 total
Holdings
- 17,280(indirect: By Spouse)
Common Stock
- 28,944(indirect: By Spouse)
Common Stock
- 16,143(indirect: By Partnership)
Common Stock
Footnotes (2)
- [F1]The stock options vested in intervals with one-third vesting on July 19, 2002 and an additional 1/3 vesting each year thereafter until fully vested on July 19, 2004.
- [F2]A "net-out" of stock options resulted in the issuance of 21,598 common shares and the cancellation of 18,604 shares for a total option exercise of 40,202.