SEC Form 4 · accession 0001004702-19-000059
OCEANFIRST FINANCIAL CORP · OCFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Lebel III
Other
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 12:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001004702
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 28, 2019 | A | 5,950 | $0.00 | A | 60,547 | D | |
| Common StockF2 | Feb 28, 2019 | A | 12,500 | $0.00 | A | 73,047 | D | |
| Common StockF3 | Mar 1, 2019 | D | 2,312 | $0.00 | D | 70,735 | D | |
| Common StockF4 | holding | — | — | — | 10,004 | I | By 401(k) | |
| Common StockF4 | holding | — | — | — | 8,714 | I | By ESOP | |
| Common StockF5 | holding | — | — | — | 695 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F6 | $25.20 | Feb 28, 2019 | A | 100,670 | A | Mar 1, 2020 | Mar 1, 2029 | Common Stock | 100,670 | 100,670 | D |
| Stock Option (right to buy) | $14.55 | holding | — | — | — | Jun 17, 2014 | Jun 17, 2023 | Common Stock | 11,250 | 11,250 | D |
| Stock Option (right to buy) | $17.75 | holding | — | — | — | Mar 1, 2015 | Mar 19, 2024 | Common Stock | 4,875 | 4,875 | D |
| Stock Option (right to buy)F6 | $17.37 | holding | — | — | — | Mar 1, 2016 | Mar 18, 2025 | Common Stock | 30,000 | 30,000 | D |
| Stock Option (right to buy)F6 | $17.28 | holding | — | — | — | Mar 1, 2017 | Mar 16, 2026 | Common Stock | 37,500 | 37,500 | D |
| Stock Option (right to buy)F6 | $29.01 | holding | — | — | — | Mar 15, 2018 | Mar 15, 2027 | Common Stock | 45,000 | 45,000 | D |
| Stock Option (right to buy)F6 | $27.40 | holding | — | — | — | Mar 1, 2019 | Jan 24, 2028 | Common Stock | 15,485 | 15,485 | D |
Explanation of responses
- F1Restricted shares awarded. Such shares vest in five equal annual installments beginning on March 1, 2020. Total includes other restricted shares that vest in the future.
- F2Shares vest in five equal installments beginning on March 1, 2020 at approximately 60% or approximately 80% to 100% depending on the attainment of defined performance criteria for each of the calendar years ended 2019, 2020, 2021, 2022, and 2023, or are forfeited if threshold performance is not met. Total includes other unvested restricted shares that vest in the future.
- F3Represents forfeiture of unvested performance-based restricted shares, originally awarded on January 24, 2018, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on March 1 of 2020 and 2021, subject to the satisfaction of performance criteria. Total includes other unvested restricted shares that vest in the future.
- F4This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- F5This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16a-11.
- F6Options vest in five equal annual installments beginning on the date first exercisable.