4//SEC Filing
Ocean Shore Holding Co. 4
Accession 0001225208-16-042443
CIK 0001444397operating
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 12:22 PM ET
Size
11.0 KB
Accession
0001225208-16-042443
Insider Transaction Report
Form 4
PREVITI ROBERT
Director
Transactions
- Disposition to Issuer
Common Stock
2016-11-30−37,752→ 0 total - Disposition to Issuer
Common Stock
2016-11-30−7,703→ 0 total(indirect: By deferred compensation plan) - Disposition to Issuer
Common Stock
2016-11-30−87→ 0 total(indirect: By Son) - Disposition to Issuer
Stock Option (right to buy)
2016-11-30−13,600→ 0 totalExercise: $10.21From: 2011-08-18Exp: 2020-08-18→ Common Stock (13,600 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 12, 2016, by and among OceanFirst Financial Corp. ("OceanFirst"), Ocean Shore Holding Co. ("Ocean Shore") and Masters Merger Sub Corp., a wholly-owned subsidiary of OceanFirst ("Merger Sub"). Merger Sub merged (the "First-Step Merger") with and into Ocean Shore, with Ocean Shore continuing as the surviving entity and immediately thereafter, Ocean Shore merged with and into OceanFirst, with OceanFirst continuing as the surviving entity. At the effective time of the First-Step Merger (the "Effective Time"), each share of Ocean Shore common stock issued and outstanding immediately prior to such time was converted into the right to receive 0.9667 shares of OceanFirst common stock (the "Stock Consideration") and $4.35 in cash, without interest.
- [F2]At the Effective Time, each option to purchase Ocean Shore common stock was converted into an option to purchase OceanFirst common stock on the same terms and conditions as were applicable immediately prior to the First-Step Merger, except that the number of shares of OceanFirst common stock issuable upon exercise of a converted Ocean Shore stock option was adjusted by multiplying the number of shares of Ocean Shore common stock that were subject to the Ocean Shore stock option by 1.2084 (and rounding down to the nearest whole share), and the exercise price per share of a converted option was adjusted by dividing the exercise price per share of the Ocean Shore stock option by 1.2084 (and rounding up to the nearest whole cent).
Documents
Issuer
Ocean Shore Holding Co.
CIK 0001444397
Entity typeoperating
Related Parties
1- filerCIK 0001444397
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 12:22 PM ET
- Size
- 11.0 KB