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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | 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 control number. | SEC 2270 (9-02) |
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 Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Incentive Stock Option (right to buy) | $ 111.2 | Â | Â | Â | Â | Â | 05/16/2006(5) | 05/16/2015 | Common Stock | Â | 1,097 | Â | ||
Non-Qualified Stock Option (right to buy) | $ 111.2 | Â | Â | Â | Â | Â | 05/16/2006(6) | 05/16/2015 | Common Stock | Â | 46 | Â | ||
Non-Qualified Stock Option (right to buy) | $ 138.8 | Â | Â | Â | Â | Â | 04/26/2007(7) | 04/26/2016 | Common Stock | Â | 1,455 | Â | ||
Non-Qualified Stock Option (right to buy) | $ 147.6 | Â | Â | Â | Â | Â | 04/25/2008(8) | 04/25/2017 | Common Stock | Â | 1,559 | Â | ||
Non-Qualified Stock Option (right to buy) | $ 66.4 | Â | Â | Â | Â | Â | 05/05/2009(9) | 05/05/2018 | Common Stock | Â | 1,559 | Â | ||
Non-Qualified Stock Option (right to buy) | $ 31.5 | Â | Â | Â | Â | Â | 06/22/2010(10) | 06/22/2019 | Common Stock | Â | 1,612 | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KUMLER ALAN H C/O UNITED COMMUNITY BANKS, INC. PO BOX 398 BLAIRSVILLE, GA 30514 |
 |  |  SVP, CHIEF ACCOUNTING OFFICER |  |
Lois J. Rich as Attorney in Fact | 02/17/2015 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Represents shares of United Community Banks, Inc. Common Stock withheld to satisfy tax obligations upon vesting of Restricted Stock Units ("RSUs"). |
(2) | Reflects reclassification of RSUs into Common Stock and Phantom Stock pursuant to the United Community Banks, Inc. Deferred Compensation Plan. |
(3) | Represents acquisition of Phantom Stock pursuant to the United Community Banks Deferred Compensation Plan. Phantom Stock is to be settled in shares of Common Stock, on a one-for-one basis, following the Reporting Person's termination of services. |
(4) | On June 30, 2014, all Common Shares Issuable changed from a unitized fund, where settlement was based on NAV, to a share-for-share phantom stock fund. |
(5) | This option became exercisable to the extent of 22% of the shares optioned after one year from the date of grant (5/16/05), and 26% on each of the subsequent three anniversary dates thereafter. |
(6) | This option became exercisable to the extent of 100% of the shares optioned after one year from the date of grant (5/16/05). |
(7) | This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (4/26/06), and 25% on each of the subsequent three anniversary dates thereafter. |
(8) | This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (4/25/07), and 25% on each of the subsequent three anniversary dates thereafter. |
(9) | This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (05/05/09), and 25% on each of the subsequent three anniversary dates thereafter. |
(10) | This option became exercisable to the extent of 25% of the shares optioned after one year from the date of grant (6/22/09), and 25% on each of the subsequent three anniversary dates thereafter. |