Filing Details
- Accession Number:
- 0001137547-23-000052
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-06-05 16:47:13
- Reporting Period:
- 2023-06-01
- Accepted Time:
- 2023-06-05 16:47:13
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1137547 | United Security Bancshares | UBFO | National Commercial Banks (6021) | 912112732 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1697577 | Benjamin Mackovak | 2126 Inyo Street Fresno CA 93721 | 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 | Acquisiton | 2023-06-01 | 569 | $0.00 | 6,814 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-06-01 | 932,491 | $7.00 | 0 | No | 4 | S | Indirect | By: Strategic Value Investors LP |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Indirect | By: Strategic Value Investors LP |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2023-06-01 | 569 | $0.00 | 569 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-06-01 | 569 | $0.00 | 569 | $6.22 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 15,569 | 2023-06-01 | 2023-06-01 | No | 4 | A | Direct |
| 15,000 | 2023-06-01 | 2023-06-01 | No | 4 | M | Direct |
Footnotes
- Represents common stock issued pursuant to the vesting and settlement of 100% of the restricted stock units that were granted on June 1, 2023.
- Shares owned directly by Strategic Value Investors LP. Mr. Mackovak, solely by virtue of his position as a managing member of Strategic Value Bank Partners LLC, which serves as the general partner of Strategic Value Investors LP, may be deemed to beneficially own the shares owned directly by Strategic Value Investors LP for purposes of Section 16. Mr. Mackovak expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and the filing of this report is not an admission that the Mr. Mackovak was the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- Represents a grant of restricted stock units on June 1, 2023, in consideration for service as a member of the Company's Board of Directors. 100% of therestricted stock units were vested on the grant date.
- Represents common stock closing price on June 1, 2023.
- Represents the complete vesting of all restricted stock units granted on June 1, 2023.
Billionaire Hedge Funds
