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UNB > SEC Filings for UNB > Form 8-K on 24-Dec-2013All Recent SEC Filings

Show all filings for UNION BANKSHARES INC



Other Events

Item 8.01: Other Events
On December 18, 2013, 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

Jeffrey G. Coslett, Vice President, the Company
Senior Vice President, Union Bank                                       1,500

The exercise price of all such options is $22.00 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.

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