Filing Details

Accession Number:
0000775345-10-000059
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-21 10:12:35
Reporting Period:
2010-12-17
Filing Date:
2010-12-21
Accepted Time:
2010-12-21 10:12:35
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
775345 United Bancorp Inc UBMI State Commercial Banks (6022) 382606280
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1246037 H John Foss P.o. Box 248
Tecumseh MI 49286
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock $0.00 Par Acquisiton 2010-12-17 20,000 $2.50 25,306 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Deferred Stock Units $0.00 0 9,544 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
0 9,544 Direct
Footnotes
  1. The reporting person has received an exempt award of deferred stock units under United Bancorp's Director Retainer Stock Plan. Under the Plan, a director may elect to defer payment of all or a portion of his future cash retainer for serving on the board of directors of United Bancorp, Inc. or United Bank & Trust, but not for serving on any committee of the board, by electing to receive in lieu of such cash retainer deferred stock units. The amount of deferred stock units is equal to the amount of the cash retainer that was elected to be deferred, divided by the market price of the common stock of United Bancorp common stock on the date such cash retainer would otherwise have been paid. The deferred stock units are awarded on the date such cash retainer would otherwise have been paid (quarterly in arrears) and are immediately vested. Each deferred stock unit is the economic equivalent of one share of common stock.