Small Company Offering and Sale of Securities Without Registration (d)

x NoneEntity Type

0000706863

x Corporation

o Limited Partnership

o Limited Liability Company

o General Partnership

o Business Trust

o Other

Name of Issuer

UNION BANKSHARES INC

Jurisdiction of Incorporation/OrganizationVERMONT

Year of Incorporation/Organization
	x	Over Five Years Ago
	o	Within Last Five Years (Specify Year)
	o	Yet to Be Formed

2. Principal Place of Business and Contact Information
Name of Issuer
UNION BANKSHARES INC

Street Address 1		Street Address 2
20 LOWER MAIN STREET

City	State/Province/Country	ZIP/Postal Code	Phone No. of Issuer
MORRISVILLE	VERMONT	05661-0667	8028886600

3. Related Persons

Last Name	First Name	Middle Name
Silverman	David	S

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)
	Chief Executive Officer

Last Name	First Name	Middle Name
Hale	Karyn	J

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)
	Chief Financial Officer

Last Name	First Name	Middle Name
Coslett	Jeffrey	G

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)
	Vice President

Last Name	First Name	Middle Name
Van Dyke	Cornelius	J

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)
	Chairman of the Board

Last Name	First Name	Middle Name
Sargent	Timothy	W

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)
	Vice Chairman of the Board

Last Name	First Name	Middle Name
Bourassa	Joel	S

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

Last Name	First Name	Middle Name
Bugbee	Dawn	D

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

Last Name	First Name	Middle Name
Goodrich	John	M

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

Last Name	First Name	Middle Name
Putnam	Nancy	C

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

Last Name	First Name	Middle Name
Sargent	Gregory	D

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

Last Name	First Name	Middle Name
Steel	John	H

Street Address 1	Street Address 2
20 Lower Main Street

City	State/Province/Country	ZIP/Postal Code
Morrisville	VERMONT	05661

Relationship:

Executive Officer

Director

Promoter

Clarification of Response (if Necessary)

4. Industry Group

o	Agriculture			Health Care		o	Retailing
	Banking & Financial Services			o	Biotechnology	o	Restaurants
	x	Commercial Banking		o	Health Insurance		Technology
	o	Insurance		o	Hospitals & Physicians		o	Computers
	o	Investing		o	Pharmaceuticals		o	Telecommunications
	o	Investment Banking		o	Other Health Care		o	Other Technology
	o	Pooled Investment Fund					Travel
	o	Other Banking & Financial Services	o	Manufacturing			o	Airlines & Airports
				Real Estate			o	Lodging & Conventions
				o	Commercial		o	Tourism & Travel Services
				o	Construction		o	Other Travel
				o	REITS & Finance	o	Other
				o	Residential
				o	Other Real Estate
o	Business Services
	Energy
	o	Coal Mining
	o	Electric Utilities
	o	Energy Conservation
	o	Environmental Services
	o	Oil & Gas
	o	Other Energy

5. Issuer Size

Revenue Range		Aggregate Net Asset Value Range
o	No Revenues	o	No Aggregate Net Asset Value
o	$1 - $1,000,000	o	$1 - $5,000,000
o	$1,000,001 - $5,000,000	o	$5,000,001 - $25,000,000
o	$5,000,001 - $25,000,000	o	$25,000,001 - $50,000,000
x	$25,000,001 - $100,000,000	o	$50,000,001 - $100,000,000
o	Over $100,000,000	o	Over $100,000,000
o	Decline to Disclose	o	Decline to Disclose
o	Not Applicable	o	Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

o	Rule 504(b)(1) (not (i), (ii) or (iii))	o	Rule 505
o	Rule 504 (b)(1)(i)	o	Rule 506(b)
o	Rule 504 (b)(1)(ii)	x	Rule 506(c)
o	Rule 504 (b)(1)(iii)	o	Securities Act Section 4(a)(5)
		o	Investment Company Act Section 3(c)

7. Type of Filing

New Notice

Date of First Sale

2021-08-26

First Sale Yet to Occur

Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?

Yes

9. Type(s) of Securities Offered (select all that apply)

o	Pooled Investment Fund Interests	o	Equity
o	Tenant-in-Common Securities	x	Debt
o	Mineral Property Securities	o	Option, Warrant or Other Right to Acquire Another Security
o	Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security	o	Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?	o	Yes	x	No

Clarification of Response (if Necessary)

11. Minimum Investment

Minimum investment accepted from any outside investor

$ 100000 USD

12. Sales Compensation

Recipient			Recipient CRD Number	o	None
PNC Capital Markets, LLC			15647
(Associated) Broker or Dealer	x	None	(Associated) Broker or Dealer CRD Number	x	None

Street Address 1			Street Address 2
3701 Corporate Parkway			Suite 315

City	State/Province/Country	ZIP/Postal Code
Center Valley	PENNSYLVANIA	18034

State(s) of Solicitation	o	All States	o	Foreign/Non-US
CONNECTICUT KENTUCKY MAINE MASSACHUSETTS NEW HAMPSHIRE NEW JERSEY NEW YORK PENNSYLVANIA RHODE ISLAND

13. Offering and Sales Amounts

Total Offering Amount	$ 16500000 USD	o Indefinite
Total Amount Sold	$ 16500000 USD
Total Remaining to be Sold	$ 0 USD	o Indefinite

Clarification of Response (if Necessary)

14. Investors

o	Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, Number of such non-accredited investors who already have invested in the offering
	Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:	13

15. Sales Commissions & Finders’ Fees Expenses

Provide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions	$ 288750 USD	o	Estimate
Finders' Fees	$ 0 USD	o	Estimate

Clarification of Response (if Necessary)

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$ 0 USD

Union Bankshares (NASDAQ:UNB)
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