| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
UNITED FINANCIAL CORP \MN\ [ UBMT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/04/2007 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common stock, no par value per share | 01/04/2007 | M | 258 | A | $8.5576 | 6,098.84(1) | D | |||
| Common stock, no par value per share | 01/04/2007 | M | 1,312 | A | $11.3456 | 7,410.84(1) | D | |||
| Common stock, no par value per share | 01/04/2007 | M | 250 | A | $19.88 | 7,660.84(1) | D | |||
| Common stock, no par value per share | 01/04/2007 | M | 250 | A | $20.2 | 7,910.84(1) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
| Employee Stock Options | $8.5576 | 01/04/2007 | M | 258.75 | 05/22/2002(2) | 05/22/2011 | Common stock | 258.75 | $0 | 0 | D | ||||
| Employee Stock Options | $11.3456 | 01/04/2007 | M | 1,312.5 | 05/21/2003(3) | 05/21/2012 | Common stock | 1,312.5 | $0 | 0 | D | ||||
| Employee Stock Options | $19.88 | 01/04/2007 | M | 250 | 05/25/2005(4) | 05/25/2014 | Common stock | 500 | $0 | 250 | D | ||||
| Employee Stock Options | $20.2 | 01/04/2007 | M | 250 | 10/31/2006(5) | 10/31/2015 | Common stock | 1,000 | $0 | 750 | D | ||||
| Explanation of Responses: |
| 1. Includes 2,772 shares held jointly with spouse, 1,835 shares held in an IRA for the benefit of Mr. Johnson, and 1,233.84 shares held in a 401k account for the benefit of Mr. Johnson. |
| 2. Grant date of 05/22/2001, exercisable as to 258.75 shares on each of 05/22/02, 05/22/03, 05/22/04, 05/22/05. This option was previously reported as 207 shares at an option price of $10.697 but the number of shares, option price and number of exercisable shares have been adjusted due to a 5 for 4 stock split on 12/28/05. |
| 3. Grant date of 05/21/2002, exercisable as to 515.625 shares on each of 05/21/03, 05/21/04, 05/21/05, 05/21/06. This option was previously reported as 1,050 shares at an option price of $14.182 but the number of shares, option price, and number of exercisable shares have been adjusted due to a 5 for 4 stock split on 12/28/05. |
| 4. Grant date of 05/25/2004, exercisable as to 125 shares on each of 05/25/05, 05/25/06, 05/25/07, 05/25/08. This option was previously reported as 400 shares at an option price of $24.86 but the number of shares, option price, and number of exercisable shares have been adjusted due to a 5 for 4 stock split on 12/28/05. |
| 5. Grant date of 10/31/2005, exercisable as to 250 shares on each of 10/31/06, 10/31/07, 10/31/08, 10/31/09. This option was previously reported as 800 shares at an option price of $25.25 but the number of shares, option price, and number of exercisable shares have been adjusted due to a 5 for 4 stock split on 12/28/05. |
| Kurt R Weise POA, On Behalf of Kevin P Johnson | 01/31/2007 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||