Paritz Joel 4
4 · Bancorp of New Jersey, Inc. · Filed Jan 2, 2020
Insider Transaction Report
Form 4
Paritz Joel
Director
Transactions
- Disposition to Issuer
Common Stock
2020-01-02−58,733→ 0 total
Footnotes (1)
- [F1]The shares were disposed of pursuant to the Agreement and Plan of Merger dated as of August 15, 2019 (the "Merger Agreement"), by and between Bancorp of New Jersey, Inc. ("BKJ") and ConnectOne Bancorp, Inc. ("CNOB"). Pursuant to the Merger Agreement, each share of BKJ common stock was converted into .780 of a share of CNOB common stock, subject to the allocation and proration provisions in the Merger Agreement, which provisions provide that approximately 80 percent of the shares of BKJ common stock will be exchanged for CNOB common stock, and approximately 20 percent of the shares of BKJ common stock will be exchange for cash (at a price of $16.25 per share).