SEC Form 4
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*
Afzal Zahid

(Last) (First) (Middle)
275 WEST FEDERAL STREET

(Street)
YOUNGSTOWN OH 44503

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNITED COMMUNITY FINANCIAL CORP [ UCFC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President & COO
3. Date of Earliest Transaction (Month/Day/Year)
01/31/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 Shares 01/31/2020 A 25,321(1) A $0 98,129 D
Common Shares 01/31/2020 F 12,343 D $11.37 85,786 D
Common Shares 01/31/2020 D 85,786 D (2) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
Stock Option (Right to Buy) $3.83 01/31/2020 D 4,000 (3) 10/22/2023 Common Shares 4,000 (3) 0 D
Explanation of Responses:
1. Pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement") by and between United Community Financial Corp. (the "Issuer") and First Defiance Financial Corp. ("FDEF"), dated as of September 9, 2019, the Issuer was merged with and into FDEF on January 31, 2020, and each award of shares of common stock of the Issuer under the 2018 and 2019 Long-Term Incentive Plans fully vested.
2. Pursuant to the Merger Agreement, at the effective time of the merger, each share of common stock of the Issuer, having a market value of $10.93 on the effective date of the merger, was converted into the right to receive .3715 shares of FDEF common stock, having a market value of $29.39 on the effective date of the merger, plus cash in lieu of any fractional shares.
3. Pursuant to the Merger Agreement, at the effective time of the merger, each option to purchase shares of common stock of the Issuer ("Issuer Option") fully vested and was converted into an option to purchase .3715 shares of FDEF common stock, having a market value of $29.39 on the effective date of the merger, at an exercise price equal to the exercise price of the Issuer Option divided by .3715.
/s/ Jude J. Nohra, POA for Zahid Afzal 02/04/2020
** 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).
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