Lynch Kevin J 4/A
4/A · VALLEY NATIONAL BANCORP · Filed Jan 26, 2021
Insider Transaction Report
Form 4/AAmended
Lynch Kevin J
Director
Transactions
- Sale
Common Stock
2021-01-14$10.94/sh−300,000$3,282,000→ 74,395 total - Exercise/Conversion
Stock Options
2021-01-14−300,000→ 1,017,326 totalExercise: $7.47From: 2019-12-01Exp: 2021-08-18→ Common Stock (300,000 underlying) - Exercise/Conversion
Common Stock
2021-01-14$7.47/sh+300,000$2,241,000→ 374,395 total
Footnotes (2)
- [F1]On January 19, 2021, a Form 4 (the "Original Form 4") was filed to report the reporting person's exercise of 300,000 stock options and sale of the underlying shares on January 14, 2021 and the exercise of an additional 300,000 stock options and sale of the underlying shares on January 15, 2021, in each case pursuant to a 10b5-1 plan entered into on December 14, 2020. The January 15th exercise and sale transactions were executed by the reporting person's broker in error. These transactions were subsequently unwound through the broker's error account and therefore did not occur for purposes of the reporting person's account. This Form 4/A amends and restates the Original Form 4 by re-reporting the January 14th exercise and sale transactions and omitting the January 15th exercise and sale transactions.
- [F2]The price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $10.74 to $10.995, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price.