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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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 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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock | $ 25.2 | 02/28/2019 | A | 109,060 | 03/01/2020 | 03/01/2029 | Common Stock | 109,060 | $ 0 | 109,060 | D (5) | ||||
Stock Option (right to buy) | $ 14.55 | 06/17/2014 | 06/17/2023 | Common Stock | 4,500 | 4,500 | D | ||||||||
Stock Option (right to buy) | $ 17.75 | 03/01/2015 | 03/19/2024 | Common Stock | 12,000 | 12,000 | D | ||||||||
Stock Option (right to buy) | $ 17.37 | 03/01/2016 | 03/18/2025 | Common Stock | 29,772 | 29,772 | D (5) | ||||||||
Stock Option (right to buy) | $ 17.28 | 03/01/2017 | 03/16/2026 | Common Stock | 59,677 | 59,677 | D (5) | ||||||||
Stock Option (right to buy) | $ 29.01 | 03/01/2018 | 03/15/2027 | Common Stock | 73,400 | 73,400 | D (5) | ||||||||
Stock Option (right to buy) | $ 27.4 | 03/01/2019 | 01/24/2028 | Common Stock | 25,275 | 25,275 | D (5) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Maher Christopher 110 WEST FRONT STREET RED BANK, NJ 07701 |
X | Chairman, President and CEO |
/s/ Steven J. Tsimbinos, Power of Attorney | 03/04/2019 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Restricted shares awarded. Such shares vest in five equal annual installments beginning on March 1, 2020. Total includes other restricted shares that vest in the future. |
(2) | Shares vest in five equal annual installments beginning on March 1, 2020, at approximately 60% or approximately 80% to 100% depending on the attainment of defined performance criteria for each of the calendar years ended 2019, 2020, 2021, 2022, and 2023, or are forfeited if threshold performance is not met. Total includes other restricted shares that vest in the future. |
(3) | Represents forfeiture of unvested performance-based restricted shares, originally awarded on January 24, 2018, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on March 1 of 2020 and 2021, subject to the satisfaction of performance criteria. Total includes other unvested restricted shares that vest in the future. |
(4) | This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c). |
(5) | Options vest in five equal annual installments beginning on the date first exercisable. |