Sec Form 5 Filing - Mercia Susan F Hovey @ UNION BANKSHARES INC - 2015-12-31

Insider filing report for Changes in Beneficial Ownership
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FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Mercia Susan F Hovey
2. Issuer Name and Ticker or Trading Symbol
UNION BANKSHARES INC [ UNB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
No longer 10% owner
(Last) (First) (Middle)
PO BOX 357, 924 POND ROAD
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2015
(Street)
HINESBURG, VT05461-0357
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 01/14/2015 J( 1 ) V 422,908 D $ 0 0 I Sole Trustee and beneficiary Genevieve L. Hovey Trust
Common Stock 01/14/2015 J( 2 ) V 1,897 D $ 0 0 D
Common Stock 01/14/2015 J( 3 ) V 213,351 A $ 0 218,634 I Settlor, Trustee and beneficiary S.H. Mercia Trust
Common Stock 173,625 I Co-Trustee and beneficiary Susan Hovey Trust
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mercia Susan F Hovey
PO BOX 357
924 POND ROAD
HINESBURG, VT05461-0357
X No longer 10% owner
Signatures
/s/ Susan F. Hovey Mercia 12/27/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )211,454 shares were distributed to the S.H. Mercia Trust and 211,454 shares (that Ms. Mercia previously disclaimed beneficial ownership as she did not have a pecuniary interest) were distributed to an adult family member not living in Ms. Mercia's household.
( 2 )Shares transferred to the S.H. Mercia Trust
( 3 )Increase in shares reflects 211,454 shares distributed from the Genevieve L. Hovey Trust and the transfer of 1,897 shares that were previously directly owned by Ms. Mercia.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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