Sec Form 4 Filing - Tucker Aaron @ UNITY BANCORP INC /NJ/ - 2021-01-04

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
Tucker Aaron
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 _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O UNITY BANK, 64 OLD HIGHWAY 22
3. Date of Earliest Transaction (MM/DD/YY)
01/04/2021
(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 01/04/2021 A 1,000 ( 1 ) A $ 0 1,563 ( 2 ) D
Common Stock 51,203 ( 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 (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) $ 17.55 01/04 /2021 A 4,000 ( 4 ) ( 5 ) 01/04/2031 Common Stock 4,000 $ 0 22,700 ( 6 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tucker Aaron
C/O UNITY BANK
64 OLD HIGHWAY 22
CLINTON, NJ08809
X
Signatures
Aaron Tucker, POA Laurie Cook, Controller/SVP 01/05/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )1,000 restricted shares were granted on 1/4/2021 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 250 shares on 1/4/2022, 250 shares on 1/4/2023, 250 shares on 1/4/2024, and 250 shares on 1/4/2025.
( 2 )1,563 restricted shares are held in an account at Computershare, which have upcoming vesting dates.
( 3 )6,789 shares are held in an account at Shareworks of which dividends are reinvested quarterly. 44,414 shares are held in a brokerage account.
( 4 )4,000 stock options were granted on 1/4/2021 from the 2019 Equity Compensation Plan.
( 5 )33+% per year for 3 years beginning on 1/4/2021.
( 6 )22,700 stock options were granted under various dates and vesting periods of which 13,300 are currently exercisable.

Remarks:
Total Beneficial Ownership: 66,066

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).
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