4//SEC Filing
CENTRAL JERSEY BANCORP 4
Accession 0000914317-10-001842
CIK 0001172353operating
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 2:44 PM ET
Size
17.8 KB
Accession
0000914317-10-001842
Insider Transaction Report
Form 4
VACCARO JAMES S
DirectorChairman, President and CEO
Transactions
- Disposition from Tender
Common Stock, $0.01 par value
2010-11-30$7.50/sh−43,099$323,243→ 0 total(indirect: By SEP) - Disposition from Tender
Common Stock, $0.01 par value
2010-11-30$7.50/sh−2,698$20,235→ 0 total(indirect: By Children) - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30$2.46/sh−14,586$35,882→ 0 totalExercise: $5.04Exp: 2012-12-31→ Common Stock, $.01 par value (14,586 underlying) - Disposition from Tender
Common Stock, $0.01 par value
2010-11-30$7.50/sh−24,879$186,593→ 0 total - Disposition from Tender
Common Stock, $0.01 par value
2010-11-30$7.50/sh−7,790$58,425→ 0 total(indirect: By 401(k)) - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30−72,930→ 0 totalExercise: $8.57Exp: 2013-12-01→ Common Stock, $.01 par value (0 underlying) - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30$4.20/sh−64,320$270,144→ 0 totalExercise: $3.30Exp: 2011-01-31→ Common Stock, $.01 par value (64,320 underlying)
Footnotes (7)
- [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]Shares held by Citi, Smith Barney as custodian for the benefit of the James S. Vaccaro Simplified Employee Pension.
- [F3]Shares held pursuant to the 401(k) Plan of Central Jersey Bank, N.A.
- [F4]Shares held by Mr. Vaccaro as custodian for his daughters under the Uniform Transfers to Minors Act.
- [F5]This option was canceled upon the consummation of the merger. As the per share exercise price of $8.57 per share exceeded the merger consideration of $7.50 per share, no consideration was paid in exchange for the cancellation of this option.
- [F6]This option was canceled upon the consummation of the merger in exchange for a cash payment of $35,881.56, representing the positive difference between the merger consideration of $7.50 per share over the per share exercise price of $5.04, multiplied by 14,586 shares of common stock subject to the option.
- [F7]This option was canceled upon the consummation of the merger in exchange for a cash payment of $270,144, representing the positive difference between the merger consideration of $7.50 per share over the per share exercise price of $3.30, multiplied by 64,320 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
- 17.8 KB