UNITED STATES


SECURITIES AND EXCHANGE COMMISSION





Washington, D.C. 20549





FORM 10-Q/A


Amendment No. 1





(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)


OF THE SECURITIES EXCHANGE ACT OF 1934





OR





(  ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)


OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended:  June 30, 2015





Commission file number: 001-15985





UNION BANKSHARES, INC.


VERMONT03-0283552





P.O. BOX 667


20 LOWER MAIN STREET


MORRISVILLE, VT 05661





Registrant’s telephone number:      802-888-6600





Former name, former address and former fiscal year, if changed since last report: Not applicable





Securities registered pursuant to section 12(b) of the Act:


Common Stock, $2.00 par valueNasdaq Stock Market(Title of class)(Exchanges registered on)





Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.


Yes [X]      No [  ]





Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).


Yes [X]      No [  ]





Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer,” ”accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer [  ]Accelerated filer [ X ]Non-accelerated filer [  ] (Do not check if a smaller reporting company)Smaller reporting company [  ]





Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).


Yes [  ]      No [X]





Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of August 1, 2015:


Common Stock, $2 par value4,459,853shares





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Explanatory Note:  The Company's June 30, 2015 Quarterly Report on Form 10-Q is being amended to correct Part II, Item 2, Unregistered Sales of Equity Securities and Use of Proceeds.  It was inadvertently reported that the Company did not issue any unregistered equity securities during the quarter ended June 30, 2015. However, incentive stock options were exercised during the quarter, resulting in the issuance of unregistered shares which should have been disclosed in Part II, Item 2.








PART II  OTHER INFORMATION





Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.


During the quarter ended June 30, 2015, the only unregistered issuance of the Company's equity securities was pursuant to the exercise of incentive stock options, resulting in the issuance of 2,500 shares of the Company's common stock.  The shares were issued in reliance upon an exemption in section 4(a)(2) of the Securities Act of 1933 for distributions not involving a public offering.


There was no repurchase of the Company's equity securities during the quarter ended June 30, 2015.








SIGNATURES





Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.





Union Bankshares, Inc.November 10, 2015/s/ Karyn J. HaleKaryn J. HaleChief Financial Officer(Principal Financial Officer)