SEC Form 4 · accession 0001273412-18-000014
PEAPACK GLADSTONE FINANCIAL CORP · PGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas L Kennedy
Officer — President & CEO · Director
Period of report
Mar 11, 2018
Accepted (ET)
Mar 13, 2018 · 3:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050743
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 11, 2018 | F | 2,356 | $34.71 | D | 139,470 | D | |
| Common StockF2 | Mar 11, 2018 | F | 219 | $34.71 | D | 139,915 | D | |
| Common StockF4 | holding | — | — | — | 11,877 | I | Rabbi Trust | |
| Common StockF1 | holding | — | — | — | 7,424 | I | 401 (K) | |
| Common Stock | holding | — | — | — | 3,900 | I | Employee Stock Purchase Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | 16,865 | 16,865 | D |
| Restricted Stock UnitsF5,F7 | — | holding | — | — | — | — | — | Common Stock | 2,660 | 2,660 | D |
Explanation of responses
- F1Includes 401 (K) contributions to purchase PGC stock.
- F218,284 shares held in trust
- F3Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
- F4Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- F5Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
- F6The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.
- F7The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.