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UNB > SEC Filings for UNB > Form 8-K on 9-Nov-2012All Recent SEC Filings

Show all filings for UNION BANKSHARES INC



Results of Operations and Financial Condition, Other Events, Financial State

Item 2.02: Results of Operations and Financial Condition
As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 2.02 and in Exhibit 99.1 hereto shall not be deemed filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing.
On November 6, 2012, Union Bankshares, Inc. distributed its Third Quarter 2012 unaudited Report to Shareholders, a copy of which is furnished with this Form 8-K as Exhibit 99.1, presenting information concerning our results of operations and financial condition for three and nine months ended September 30, 2012 and the declaration of a regular quarterly dividend.

Item 8.01: Other Events
On November 7, 2012, the Board of Directors of Union Bankshares, Inc., (the "Company") approved the issuance of incentive stock options under the Company's 2008 Incentive Stock Option Plan, to the following executive officers of the Company:
                                                                   Number of Shares
                                                                      Subject to
Name and Title(s) with the Company and Its Subsidiary (Union Bank)      Option

David S. Silverman, President & Chief Executive
Officer, the Company and Union Bank                                     3,000

Marsha A. Mongeon, Vice President, Treasurer & Chief
Financial Officer, the Company
Senior Vice President & Treasurer, Union Bank                           1,500

The exercise price of all such options is $19.60 which represents the closing price of the Company's common stock on the date of the grant. All options are subject to a one-year vesting period before they become exercisable and expire 7 years after the date of the grant.

Item 9.01: Financial Statements and Exhibits
d) Exhibits:
99.1 Union Bankshares, Inc. Third Quarter 2012 Report to Shareholders distributed November 6, 2012 referred to in Item 2.02 of the Report as furnished, not filed; herewith.

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