Statement of Changes in Beneficial Ownership (4)
December 31 2020 - 5:24PM
Edgar (US Regulatory)
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 OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
WOODS DENNIS R |
2. Issuer Name and Ticker or Trading Symbol
UNITED SECURITY BANCSHARES
[
UBFO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO |
(Last)
(First)
(Middle)
2126 INYO STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/31/2020 |
(Street)
FRESNO, CA 93721
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/31/2020 | | M | | 5834 | A | (1) | 843120 | I (3) | TRUSTEE (3) |
Common Stock | 12/31/2020 | | J | | 0 | A | (4) | 33088 | I (4) | Spouse's IRA (4) |
Common Stock | 12/31/2020 | | J | | 0 | A | (5) | 230202 (5) | D (5) | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 |
Restricted Stock Units | $7.05 (2) | 12/31/2020 | | M | | | 5834 | (1) | (1) | Common Stock | 5834 | $0 | 0 | D | |
Explanation of Responses: |
(1) | Result of final vesting of restricted stock units (RSUs) granted February 27,2018 that vested December 31, 2020 (3,334 shares), and full vesting of restricted stock units (RSUs) granted February 25, 2020 that vested December 31, 2020 (2,500 shares). |
(2) | Represents the market closing price on December 31, 2020. |
(3) | Shares held in various trusts where Mr. Woods serves as the trustee with voting power over shares. |
(4) | Represents shares held in Mr. Woods Spouse's IRA. For disclosure purposes only. |
(5) | Represents shares held by Mr. Woods directly. For disclosure purposes only. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
WOODS DENNIS R 2126 INYO STREET FRESNO, CA 93721 | X |
| CEO |
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Signatures
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/s/ Dennis Woods | | 12/31/2020 |
**Signature of Reporting Person | Date |
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