Form 8-K 12-18-13 stock options


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 18, 2013
(Exact name of registrant as specified in its charter)
UNION BANKSHARES, INC.
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification Number)
Vermont
001-15985
03-0283552
 
 
 
(Address of principal executive offices)
(Zip Code)
20 Lower Main St., P.O. Box 667
05661-0667
Morrisville, VT
 

Registrant's telephone number, including area code: (802) 888-6600

(Former name or former address, if changed since last report)
Not applicable

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






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:
Name and Title(s) with the Company and Its Subsidiary (Union Bank)
Number of Shares Subject to 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.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
Union Bankshares, Inc.
 
 
December 24, 2013
/s/ David S. Silverman
 
David S. Silverman
 
President/Chief Executive Officer
 
 
December 24, 2013
/s/ Marsha A. Mongeon
 
Marsha A. Mongeon
 
Treasurer/Chief Financial Officer