SEC Form 4 · accession 0001273412-18-000018
PEAPACK GLADSTONE FINANCIAL CORP · PGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent A Spero
Officer — EVP & Chief Lending Officer
Period of report
Mar 11, 2018
Accepted (ET)
Mar 13, 2018 · 3:29 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 Stock | Mar 11, 2018 | F | 271 | $34.71 | D | 46,064 | D | |
| Common Stock | Mar 11, 2018 | F | 647 | $34.71 | D | 45,417 | D | |
| Common Stock | Mar 11, 2018 | F | 259 | $34.71 | D | 45,158 | D | |
| Common Stock | Mar 11, 2018 | F | 615 | $34.71 | D | 46,149 | D | |
| Common Stock | Mar 11, 2018 | F | 347 | $34.71 | D | 46,709 | D | |
| Common Stock | Mar 11, 2018 | F | 489 | $34.71 | D | 47,498 | D | |
| Common Stock | Mar 11, 2018 | F | 196 | $34.71 | D | 47,813 | D | |
| Common StockF2 | holding | — | — | — | 13,900 | I | 401K Plan/Profit Sharing | |
| Common Stock | holding | — | — | — | 2,631 | 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 UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 4,163 | 4,163 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 4,767 | 4,767 | D |
| Stock Option (right to buy)F1 | $27.01 | holding | — | — | — | — | Jun 2, 2018 | Common Stock | 1,050 | 1,050 | D |
Explanation of responses
- F1The options are exercisable in five equal annual installments on June 2, 2009, 2010, 2011, 2012 and 2013.
- F2Includes 401K contributions used to purchase PGC stock each payroll period.
- F3Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
- F5The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.
- F6The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.