SEC Form 4 · accession 0001273412-18-000086
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
Nov 5, 2018
Accepted (ET)
Nov 6, 2018 · 10:42 am EST
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 | Nov 5, 2018 | P | 500 | $27.9999 | A | 100,049 | D | |
| Common Stock | Nov 5, 2018 | P | 50 | $27.99 | A | 100,099 | D | |
| Common Stock | Nov 5, 2018 | P | 100 | $27.91 | A | 100,199 | D | |
| Common Stock | Nov 5, 2018 | P | 100 | $27.86 | A | 100,299 | D | |
| Common Stock | Nov 5, 2018 | P | 100 | $27.92 | A | 100,399 | D | |
| Common Stock | Nov 5, 2018 | P | 50 | $27.90 | A | 100,449 | D | |
| Common Stock | Nov 5, 2018 | P | 50 | $27.99 | A | 100,499 | D | |
| Common StockF1 | Nov 5, 2018 | P | 50 | $27.88 | A | 100,549 | D | |
| Common StockF2 | holding | — | — | — | 11,877 | I | Rabbi Trust | |
| Common StockF3 | holding | — | — | — | 7,424 | I | 401 (K) | |
| Common Stock | holding | — | — | — | 4,651 | 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 | 30,875 | 30,875 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 2,660 | 2,660 | D |
| Restricted Stock UnitsF7,F8 | — | holding | — | — | — | — | — | Common Stock | 14,010 | 14,010 | D |
Explanation of responses
- F118,284 shares held in trust
- F2Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
- F3Includes 401 (K) contributions to purchase PGC stock.
- 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.
- F7Each restricted stock unit represents the right to receive one share of common stock of Peapack-Gladstone Financial Corporation subject to certain performance conditions. The units will cliff vest, after three years, if the conditions are met.
- F8The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.