4//SEC Filing
LAKELAND BANCORP INC 4
Accession 0001180220-13-000023
CIK 0000846901operating
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 4:08 PM ET
Size
18.9 KB
Accession
0001180220-13-000023
Insider Transaction Report
Form 4
MARINO THOMAS J
Director
Transactions
- Award
Common Stock
2013-05-31+4,236→ 4,236 total - Award
Stock Option (right to buy)
2013-05-31+4,808→ 4,808 totalExercise: $5.68From: 2013-05-31Exp: 2013-09-23→ Common Stock (4,808 underlying) - Award
Common Stock
2013-05-31+2,392→ 2,392 total(indirect: By Spouse) - Award
Stock Option (right to buy)
2013-05-31+2,392→ 2,392 totalExercise: $8.22From: 2013-05-31Exp: 2021-02-02→ Common Stock (2,392 underlying) - Award
Stock Option (right to buy)
2013-05-31+2,093→ 2,093 totalExercise: $6.56From: 2013-05-31Exp: 2021-10-25→ Common Stock (2,093 underlying) - Award
Stock Option (right to buy)
2013-05-31+3,588→ 3,588 totalExercise: $7.16From: 2013-05-31Exp: 2022-10-23→ Common Stock (3,588 underlying) - Award
Director Stock Option (right to buy)
2013-05-31+25,000→ 25,000 totalExercise: $9.91Exp: 2023-05-30→ Common Stock (25,000 underlying)
Footnotes (8)
- [F1]Represents (a) 119 shares of common stock of Lakeland Bancorp, Inc., no par value ("Lakeland Common Stock") which were received by Mr. Marino in exchange for 100 shares of common stock of Somerset Hills Bancorp, no par value ("Somerset Hills Common Stock"), formerly held by him, and (b) 4,117 shares of Lakeland Common Stock which were received jointly by Mr. Marino and his spouse in exchange for 3,442 shares of Somerset Hills Common Stock formerly held jointly by them, in each case in connection with the merger of Somerset Hills Bancorp into Lakeland Bancorp, Inc. (the "Merger").
- [F2]These shares of Lakeland Common Stock were received in exchange for 2,000 shares of Somerset Hills Common Stock in connection with the Merger.
- [F3]On the effective date of the Merger, the closing price of Somerset Hills Common Stock was $12.07 per share, and the closing price of Lakeland Common Stock was $9.91 per share. Pursuant to the terms of the Merger, each share of Somerset Hills Common Stock was converted into, at the election of the holder, either 1.1962 shares of Lakeland Common Stock or $12.00 in cash, subject to proration, so that 90% of the aggregate Merger consideration consisted of shares of Lakeland Common Stock and 10% consisted of cash.
- [F4]Received in the Merger in exchange for stock option to acquire 4,020 shares of Somerset Hills Common Stock for $6.79 per share.
- [F5]Received in the Merger in exchange for stock option to acquire 2,000 shares of Somerset Hills Common Stock for $9.83 per share.
- [F6]Received in the Merger in exchange for stock option to acquire 1,750 shares of Somerset Hills Common Stock for $7.85 per share.
- [F7]Recieved in the Merger in exchange for stock option to acquire 3,000 shares of Somerset Hills Common Stock for $8.57 per share.
- [F8]In connection with Mr. Marino's appointment to the Lakeland Bancorp, Inc. Board of Directors, these stock options were granted pursuant to the Lakeland Bancorp, Inc. 2009 Equity Compensation Program, vesting in 20% annual installments beginning on the grant date.
Documents
Issuer
LAKELAND BANCORP INC
CIK 0000846901
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0000846901
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 4:08 PM ET
- Size
- 18.9 KB