Sec Form 4 Filing - DALLAS ROBERT H II @ UNITY BANCORP INC /NJ/ - 2020-04-28

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
DALLAS ROBERT H II
2. Issuer Name and Ticker or Trading Symbol
UNITY BANCORP INC /NJ/ [ UNTY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22
3. Date of Earliest Transaction (MM/DD/YY)
04/28/2020
(Street)
CLINTON, NJ08809
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
Restricted Stock 1,787 ( 1 ) D
Common Stock 20,108 ( 2 ) D
Common Stock 04/28/2020 P 7,500 A $ 14.39 ( 3 ) 1,720,307 I Dallas Financial Holdings, LLC
Common Stock 04/30/2020 P 12,500 A $ 15.81 ( 4 ) 1,732,807 ( 5 ) I Dallas Financial Holdings, LLC
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 Options (Right to buy) ( 6 ) ( 6 ) ( 6 ) Common Stock ( 6 ) 13,300 ( 6 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DALLAS ROBERT H II
C/O UNITY BANCORP INC
64 OLD HIGHWAY 22
CLINTON, NJ08809
X X
Signatures
Robert H. Dallas, II, poa Laurie Cook, Controller/SVP 04/30/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )1,237 shares are held in an account at Computershare, which have upcoming vesting dates. 550 shares are dividend reinvested shares for a total of 1,787.
( 2 )20,108 shares are held in an account at Shareworks
( 3 )The price reported in Column 4 is a Weighted Average Price. These shares were purchased in multiple transactions at prices ranging from $14.1238 to $14.7071 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
( 4 )The price reported in Column 4 is a Weighted Average Price. These shares were purchased in multiple transactions at prices ranging from $15.55 to $16.07 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
( 5 )177,497 shares are held in an account at Computershare, 1,555,310 shares are held in a brokerage account.
( 6 )13,300 stock options were granted under various dates and vesting periods of which 3,633 are currently exercisable.

Remarks:
Total Beneficial Ownership: 1,758,335

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).

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