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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (5) | (6) | (6) | Common Stock | 14,010 | 30,875 | D | ||||||||
Restricted Stock Units | (5) | (7) | (7) | Common Stock | 2,660 | 2,660 | D | ||||||||
Restricted Stock Units | (8) | (9) | (9) | Common Stock | 14,010 | 14,010 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KENNEDY DOUGLAS L 500 HILLS DRIVE, SUITE 300 PO BOX 700 BEDMINSTER, NJ 07921-0700 |
X | President & CEO |
Douglas L. Kennedy | 03/28/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On December 4, 2013, 35,491 shares of restricted stock were granted subject to reaching certain performance conditions over the 5 year vesting period. On March 26, 2018 these shares were forfeited due to those certain performance conditions not being satisfied. |
(2) | 18,284 shares held in trust |
(3) | Includes 401 (K) contributions to purchase PGC stock. |
(4) | Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan. |
(5) | Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation. |
(6) | The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date. |
(7) | The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date. |
(8) | Each restricted stock unit represents the right to receive one share of common stock of Peapack-Gladstone Financial Corporation subject to certain performance conditions. The units will cliff vest, after three years, if the conditions are met. |
(9) | The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied. |