SEC Form 4 · accession 0001140361-16-062797
CARVER BANCORP INC · CARV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas K Ritter
Director
Period of report
May 2, 2016
Accepted (ET)
May 2, 2016 · 4:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001016178
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 2, 2016 | J | 6,375 | — | D | 0 | D | |
| Common StockF1 | May 2, 2016 | J | 107,389 | — | D | 0 | I | By Spouse |
| Common StockF1 | May 2, 2016 | J | 48,588 | — | D | 0 | I | By Company |
| Common StockF1 | May 2, 2016 | J | 10,000 | — | D | 0 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $7.68 | May 2, 2016 | J | 2,950 | D | Jul 1, 2011 | Jun 28, 2020 | Common Stock | 2,950 | 0 | D |
Explanation of responses
- F1Each share of common stock was converted into and became exchangeable for the right to receive (i) $2.25 in cash and (ii) 0.6375 of a share of OceanFirst Financial Corp. common stock.
- F2Each option was converted into an option to purchase a number of shares of OceanFirst Financial Corp. common stock (rounded down to the nearest whole share) determined by multiplying (i) the number of shares of Cape Bancorp, Inc. common stock subject to such stock option by (ii) 0.75, at a per share exercise price (rounded up to the nearest whole cent) equal to the quotient obtained by dividing (a) the per share exercise price for each share of Cape Bancorp, Inc. common stock subject to such option by (b) 0.75.