4//SEC Filing
Wallace Robert K 4
Accession 0000914317-10-001844
CIK 0001172353other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 2:45 PM ET
Size
9.6 KB
Accession
0000914317-10-001844
Insider Transaction Report
Form 4
Wallace Robert K
EVP and Senior CLO
Transactions
- Disposition from Tender
Common Stock, $0.01 par value
2010-11-30$7.50/sh−48,898$366,735→ 0 total - Disposition from Tender
Stock Option (Right to Buy)
2010-11-30−1,094→ 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−22,557$169,178→ 0 total(indirect: By 401(k))
Footnotes (3)
- [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 pursuant to the Central Jersey Bank, N.A. 401(k) plan for the benefit of Mr. Wallace.
- [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.
Documents
Issuer
CENTRAL JERSEY BANCORP
CIK 0001172353
Entity typeother
Related Parties
1- filerCIK 0001404521
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 2:45 PM ET
- Size
- 9.6 KB