4//SEC Filing
CENTRAL JERSEY BANCORP 4
Accession 0000914317-10-001841
CIK 0001172353operating
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 2:44 PM ET
Size
15.0 KB
Accession
0000914317-10-001841
Insider Transaction Report
Form 4
SOLOW MARK G
Director
Transactions
- Disposition from Tender
Stock Option (Right to Buy)
2010-11-30$4.08/sh−9,648$39,364→ 0 totalExercise: $3.42Exp: 2011-01-31→ Common Stock, $.01 par value (9,648 underlying) - Disposition from Tender
Common Stock, $0.01 par value
2010-11-30$7.50/sh−147,252$1,104,390→ 0 total - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30$2.18/sh−8,752$19,079→ 0 totalExercise: $5.32Exp: 2013-02-28→ Common Stock, $.01 par value (8,752 underlying) - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30−16,670→ 0 totalExercise: $9.90Exp: 2014-02-28→ Common Stock, $.01 par value (0 underlying) - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30$2.60/sh−9,189$23,891→ 0 totalExercise: $4.90Exp: 2012-02-28→ Common Stock, $.01 par value (9,189 underlying)
Footnotes (5)
- [F1]On November 30, 2010, the merger by and among Central Jersey Bancorp ("Central Jersey"), Central Jersey Bank, N.A., Kearny Financial Corp. ("Kearny") and Kearny Federal Savings Bank was completed, pursuant to which Kearny acquired all of the outstanding shares of Central Jersey for $7.50 per share in cash. Options to acquire shares of Central Jersey were cancelled in exchange for a cash payment equal to the positive difference, if any, of the merger consideration of $7.50 per share over the per share exercise price.
- [F2]This option was canceled upon the consummation of the merger. As the per share exercise price of $9.90 per share exceeded the merger consideration of $7.50 per share, no consideration was paid in exchange for the cancellation of this option.
- [F3]This option was canceled upon the consummation of the merger in exchange for a cash payment of $19,079.36, representing the positive difference between the merger consideration of $7.50 per share over the per share exercise price of $5.32, multiplied by 8,752 shares of common stock subject to the option.
- [F4]This option was canceled upon the consummation of the merger in exchange for a cash payment of $23,891.40, representing the positive difference between the merger consideration of $7.50 per share over the per share exercise price of $4.90, multiplied by 9,189 shares of common stock subject to the option.
- [F5]This option was canceled upon the consummation of the merger in exchange for a cash payment of $39,363.84, representing the positive difference between the merger consideration of $7.50 per share over the per share exercise price of $3.42, multiplied by 9,648 shares of common stock subject to the option.
Documents
Issuer
CENTRAL JERSEY BANCORP
CIK 0001172353
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0001172353
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 2:44 PM ET
- Size
- 15.0 KB