Sec Form 4 Filing - McLaughlin Elmer G @ United Community Bancorp - 2018-09-14

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
McLaughlin Elmer G
2. Issuer Name and Ticker or Trading Symbol
United Community Bancorp [ UCBA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
92 WALNUT STREET
3. Date of Earliest Transaction (MM/DD/YY)
09/14/2018
(Street)
LAWRENCEBURG, IN47025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 09/14/2018 D 21,876 D $ 0 ( 1 ) 0 D
Common Stock 09/14/2018 D 31,111.904 D $ 0 ( 1 ) 0 I By 401(k) Plan
Common Stock 09/14/2018 D 15,928.87 D $ 0 ( 1 ) 0 I By ESOP
Common Stock 09/14/2018 D 2,714 D $ 0 ( 1 ) 0 I Restricted Stock
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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 Option (Right to Buy) $ 11.33 09/14/2018 D 38,514 ( 2 ) 04/24/2024 Common Stock 38,514 $ 0 ( 2 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McLaughlin Elmer G
92 WALNUT STREET
LAWRENCEBURG, IN47025
X President and CEO
Signatures
Edward G. Olifer, Power of Attorney 09/14/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Disposed of pursuant to the Agreement and Plan of Merger, dated as of March 11, 2018, by and between Civista Bancshares, Inc. ("Civista"), Civista Bank, United Community Bancorp ("United Community Bancorp") and United Community Bank, pursuant to which United Community Bancorp merged with and into Civista, with Civista continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of United Community Bancorp common stock issued and outstanding immediately prior to such time (other than certain excluded common stock) was converted into the right to receive 1.027 shares of Civista common stock and $2.54.
( 2 )At the Effective Time, pursuant to the Agreement and Plan of Merger, dated as of March 11, 2018, by and between Civista, Civista Bank, United Community Bancorp and United Community Bank, all stock options were cancelled and the reporting person received a cash payment equal to $27.01 per share minus the applicable exercise price of such stock option multiplied by each stock option held.

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