SEC Form 4 · accession 0001004702-19-000065
OCEANFIRST FINANCIAL CORP · OCFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michele B Estep
Other
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 2:16 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 | 2,975 | $0.00 | A | 36,208 | D | |
| Common StockF2 | Feb 28, 2019 | A | 7,340 | $0.00 | A | 43,548 | D | |
| Common StockF3 | holding | — | — | — | 283 | I | By ESOP |
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)F4 | $25.20 | Feb 28, 2019 | A | 50,335 | A | Mar 1, 2020 | Mar 1, 2029 | Common Stock | 50,335 | 50,335 | D |
| Stock Option (right to buy) | $19.05 | holding | — | — | — | Dec 17, 2010 | Dec 17, 2019 | Common Stock | 5,574 | 5,574 | D |
| Stock Option (right to buy) | $23.25 | holding | — | — | — | Mar 1, 2012 | Mar 1, 2021 | Common Stock | 3,716 | 3,716 | D |
| Stock Option (right to buy) | $15.34 | holding | — | — | — | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 1,771 | 1,771 | D |
| Stock Option (right to buy) | $20.79 | holding | — | — | — | Mar 26, 2017 | Mar 26, 2025 | Common Stock | 7,503 | 7,503 | D |
| Stock Option (right to buy)F5 | $22.69 | holding | — | — | — | Dec 19, 2017 | Mar 1, 2026 | Common Stock | 7,875 | 7,875 | 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.
- F3This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
- F4Options vest in five equal annual installments beginning on the date first exercisable.
- F5Options vest in four equal installments beginning on the date first exercisable and the remaining installments on March 1, 2019, 2020, and 2021.