4//SEC Filing
PRUDENTIAL BANCORP, INC. 4
Accession 0001065407-13-000369
CIK 0001578776operating
Filed
Oct 10, 8:00 PM ET
Accepted
Oct 11, 3:15 PM ET
Size
11.0 KB
Accession
0001065407-13-000369
Insider Transaction Report
Form 4
Corrato Joseph R
DirectorEVP and CFO
Transactions
- Purchase
Common Stock
2013-10-09$10.00/sh+3,311$33,110→ 6,435 total(indirect: By 401(k))
Holdings
- 53,302
Stock Option
Exercise: $11.84From: 2010-01-05Exp: 2019-01-05→ Common Stock (53,302 underlying) - 80(indirect: By Son)
Common Stock
- 10,111(indirect: By ESOP)
Common Stock
- 12,746
Stock Option
Exercise: $7.68From: 2014-01-05Exp: 2023-01-05→ Common Stock (12,746 underlying) - 20,609
Common Stock
Footnotes (3)
- [F1]Prudential Bancorp, Inc. is the successor to Prudential Bancorp, Inc. of Pennsylvania ("Old Prudential"). Pursuant to a reorganization exempt under Rule 16b-7, each share of common stock of Old Prudential outstanding on October 9, 2013 was automatically exchanged for .9442 shares of common stock of Prudential Bancorp, Inc., with fractional shares cashed out at $10 per share.
- [F2]Includes 8,308 shares (as adjusted pursuant to the reorganization described in footnote (1) above) held in the 2008 Recognition and Retention Plan and Trust Agreement which reflects the unvested portions of two grants aggregating originally 28,000 shares of common stock of Old Prudential that are vesting at the rate of 20% per year commencing on January 5, 2010 and January 5, 2014, respectively.
- [F3]Pursuant to a reorganization exempt under Rule 16b-7, each outstanding option to purchase a share of common stock of Old Prudential outstanding as of October 9, 2011 was automatically exchanged for an option to purchase 0.9442 shares of Prudential Bancorp, Inc. with the exercise price adjusted to reflect the operation of the exchange ratio. The number of shares subject to the option grant, after applying the exchange ratio, was adjusted downward to the nearest whole share while the exercise price, after applying the exchange ratio, was adjusted upward to the nearest whole cent. The options vest at the rate of 20% per year.
Documents
Issuer
PRUDENTIAL BANCORP, INC.
CIK 0001578776
Entity typeoperating
IncorporatedPA
Related Parties
1- filerCIK 0001578776
Filing Metadata
- Form type
- 4
- Filed
- Oct 10, 8:00 PM ET
- Accepted
- Oct 11, 3:15 PM ET
- Size
- 11.0 KB