4//SEC Filing
Vuono Robert S 4
Accession 0000914317-10-001843
CIK 0001172353other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 2:45 PM ET
Size
14.3 KB
Accession
0000914317-10-001843
Insider Transaction Report
Form 4
Vuono Robert S
DirectorSenior EVP/COO/Secretary
Transactions
- Disposition from Tender
Stock Option (Right to Buy)
2010-11-30$3.68/sh−15,835$58,273→ 0 totalExercise: $3.82Exp: 2011-07-25→ Common Stock, $.01 par value (15,835 underlying) - Disposition from Tender
Common Stock, $0.01 par value
2010-11-30$7.50/sh−56,273$422,048→ 0 total(indirect: By IRA) - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30−1,827→ 0 totalExercise: $7.56Exp: 2013-02-26→ Common Stock, $.01 par value (0 underlying) - Disposition from Tender
Common Stock, $0.01 par value
2010-11-30$7.50/sh−14,775$110,813→ 0 total - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30$3.68/sh−25,653$94,403→ 0 totalExercise: $3.82Exp: 2011-07-25→ Common Stock, $.01 par value (25,653 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]Held in an Individual Retirement Account for the benefit of Mr. Vuono.
- [F3]This option was canceled upon the consummation of the merger. As the per share exercise price of $7.56 per share exceeded the merger consideration of $7.50 per share, no consideration was paid in exchange for the cancellation of this option.
- [F4]This option was canceled upon the consummation of the merger in exchange for a cash payment of $94,403.04, representing the positive difference between the merger consideration of $7.50 per share over the per share exercise price of $3.82, multiplied by 25,653 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 $58,272.80, representing the positive difference between the merger consideration of $7.50 per share over the per share exercise price of $3.82, multiplied by 15,835 shares of common stock subject to the option.
Documents
Issuer
CENTRAL JERSEY BANCORP
CIK 0001172353
Entity typeother
Related Parties
1- filerCIK 0001313228
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 2:45 PM ET
- Size
- 14.3 KB