SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Cook Laureen

(Last) (First) (Middle)
UNITY BANK
64 OLD HIGHWAY 22

(Street)
CLINTON NJ 08809

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNITY BANCORP INC /NJ/ [ UNTY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/20/2021 M 5,500 A $9.36 13,856 D
Common Stock 04/20/2021 S 3,964 D $21.4667(1) 9,892 D
Common Stock 04/20/2021 M 5,500 A $10.97 15,392 D
Common Stock 04/20/2021 S 4,053 D $21.3718(1) 11,339(2) D
Restricted Stock 2,500(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $10.97 04/20/2021 M 5,500 (4) 01/05/2026 Common Stock 5,500 $0.00 28,500 D
Stock Options (Right to buy) $9.36 04/20/2021 M 5,500 (5) 12/10/2024 Common Stock 5,500 $0.00 23,000(6) D
Explanation of Responses:
1. This transaction was executed in multiple trades. The price reported above reflects the weighted average sale price.
2. 11,339 shares are held in an account at Shareworks.
3. 2,500 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
4. 5,500 stock options were granted on 1/5/2016 from the 2015 Stock Option Plan and vest over three years; vesting commences with 1,833 shares on 1/5/2017, 1,833 shares on 1/5/2018, and 1,834 shares on 1/5/2019.
5. 5,500 stock options were granted on 12/10/2014 from the 2011 Stock Option Plan and vest over three years; vesting commences with 1,833 shares on 12/10/2015, 1,833 shares on 12/10/2016, and 1,834 shares on 12/10/2017.
6. 23,000 stock options were granted under various dates and vesting periods of which 14,668 are currently exercisable.
Remarks:
Total Beneficial Ownership: 36,726
Laureen Cook, POA Jason Murray, Accounting Operations Supervisor 04/22/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.