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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
775345	United Bancorp Inc	UBMI	State Commercial Banks (6022)	382606280

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1425418	H Stephanie Boyse	P O Box 248 Tecumseh MI 49286		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock $0.00 Par	Acquisiton	2010-12-17	4,000	$2.50	7,270	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Deferred Stock Units	$0.00			0	5,422	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	0	5,422	Direct

Footnotes

The reporting person has received an exempt award of deferred stock units under United Bancorp's Director Retainer Stock Plan. Under the Plan, a director may elect to defer payment of all or a portion of his future cash retainer for serving on the board of directors of United Bancorp, Inc. or United Bank & Trust, but not for serving on any committee of the board, by electing to receive in lieu of such cash retainer deferred stock units. The amount of deferred stock units is equal to the amount of the cash retainer that was elected to be deferred, divided by the market price of the common stock of United Bancorp common stock on the date such cash retainer would otherwise have been paid. The deferred stock units are awarded on the date such cash retainer would otherwise have been paid (quarterly in arrears) and are immediately vested. Each deferred stock unit is the economic equivalent of one share of common stock.