KENWELL RAYMOND C 4
4 · UNITY BANCORP INC /NJ/ · Filed May 31, 2011
Insider Transaction Report
Form 4
KENWELL RAYMOND C
EVP and Chief Lending Officer
Transactions
- Award
Common Stock
2011-05-26$6.66/sh+3,000$19,980→ 3,000 total - Award
Stock Option
2011-05-26$6.66/sh+15,000$99,900→ 15,000 totalExercise: $6.66From: 2012-05-26Exp: 2021-05-26→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]3,000 Restricted Shares were granted effective 5/26/2011 and issued from the 2011 Stock Bonus Plan; vesting commences with 750 shares on 5/26/2012; 750 shares on 5/26/2013; 750 shares on 5/26/2014; and 750 shares on 5/26/2015.
- [F2]15,000 non-qualified stock options were granted on 5/26/2011 fom the 2011 Stock Option Plan; vesting over a three-year period and on each of the first three anniversary dates, one-third of the option shall vest; i.e., 5,000 on 5/26/2012; 5,000 on 5/26/2013; and 5,000 on 5/26/2014.