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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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FORM 8-K |
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CURRENT REPORT |
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
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Date of Report (Date of earliest event reported): January 7, 2009 |
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(Exact name of registrant as specified in its charter) |
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UNION BANKSHARES, INC. |
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(State or other jurisdiction |
(Commission |
(IRS Employer |
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of incorporation) |
File Number) |
Identification Number) |
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Vermont |
001-15985 |
03-0283552 |
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(Address of principal executive offices) |
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20 Lower Main St., P.O. Box 667 |
(Zip Code) |
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Morrisville, VT |
05661-0667 |
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Registrant's telephone number, including area code: (802) 888-6600 |
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(Former name or former address, if changed since last report) |
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Not applicable |
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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: |
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O |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
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Item 5.02: |
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. |
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e) Incentive Stock Options. |
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On January 7, 2009, 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: |
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Name and Title(s) with the Company and |
Number of Shares |
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Kenneth D. Gibbons, President & Chief Executive |
2,000 |
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Marsha A. Mongeon, Vice President, Treasurer & |
1,000 |
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David S. Silverman, Vice President, the Company |
1,000 |
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The exercise price of all such options is $19.19, 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 5 years after the date of the grant. |
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SIGNATURES |
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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. |
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Union Bankshares, Inc. |
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January 8, 2009 |
/s/ Kenneth D. Gibbons |
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Kenneth D. Gibbons, |
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January 8, 2009 |
/s/ Marsha A. Mongeon |
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Marsha A. Mongeon |
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