MACKOVAK BENJAMIN 4
4 · UNITED SECURITY BANCSHARES · Filed Dec 2, 2022
Insider Transaction Report
Form 4
MACKOVAK BENJAMIN
Director
Transactions
- Exercise/Conversion
Common Stock
2022-12-01+537→ 4,248 total - Award
Restricted Stock Units
2022-12-01+537→ 15,537 totalExercise: $0.00From: 2022-12-01Exp: 2022-12-01→ Common Stock (537 underlying) - Other
Common Stock
2022-12-01+0→ 932,491 total(indirect: By: Strategic Value Investors LP) - Exercise/Conversion
Restricted Stock Units
2022-12-01−537→ 15,000 totalExercise: $7.05From: 2022-12-01Exp: 2022-12-01→ Common Stock (537 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 December 1, 2022.
- [F2]Represents a grant of restricted stock units on December 1, 2022, 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.
- [F3]Represents the complete vesting of all restricted stock units granted on December 1, 2022.
- [F4]Represents common stock closing price on December 1, 2022.
- [F5]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. For disclosure purposes only.