SEC Form 4 · accession 0001140361-16-056048
PROVIDENT FINANCIAL SERVICES INC · PFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher P Martin
Officer — Chairman, President and CEO · Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 4:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001178970
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 29, 2016 | M | 40,000 | $18.48 | A | 348,875 | D | |
| Common Stock | Feb 29, 2016 | S | 920 | $18.58 | D | 347,955 | D | |
| Common Stock | Feb 29, 2016 | S | 2,634 | $18.59 | D | 345,321 | D | |
| Common Stock | Feb 29, 2016 | S | 1,900 | $18.60 | D | 343,421 | D | |
| Common Stock | Feb 29, 2016 | S | 460 | $18.61 | D | 342,961 | D | |
| Common Stock | Feb 29, 2016 | S | 490 | $18.62 | D | 342,471 | D | |
| Common Stock | Feb 29, 2016 | S | 1,600 | $18.63 | D | 340,871 | D | |
| Common Stock | Feb 29, 2016 | S | 2,843 | $18.64 | D | 338,028 | D | |
| Common Stock | Feb 29, 2016 | S | 1,444 | $18.65 | D | 336,884 | D | |
| Common Stock | Feb 29, 2016 | S | 959 | $18.66 | D | 335,925 | D | |
| Common Stock | Feb 29, 2016 | S | 2,502 | $18.67 | D | 333,423 | D | |
| Common Stock | Feb 29, 2016 | S | 2,966 | $18.68 | D | 330,457 | D | |
| Common Stock | Feb 29, 2016 | S | 3,461 | $18.69 | D | 326,996 | D | |
| Common Stock | Feb 29, 2016 | S | 66 | $18.70 | D | 326,930 | D | |
| Common Stock | Feb 29, 2016 | S | 100 | $18.71 | D | 326,830 | D | |
| Common Stock | Feb 29, 2016 | S | 600 | $18.72 | D | 326,230 | D | |
| Common Stock | Feb 29, 2016 | S | 300 | $18.73 | D | 325,930 | D | |
| Common Stock | Feb 29, 2016 | S | 467 | $18.74 | D | 325,463 | D | |
| Common Stock | Feb 29, 2016 | S | 1,210 | $18.75 | D | 324,253 | D | |
| Common Stock | Feb 29, 2016 | S | 177 | $18.76 | D | 324,076 | D | |
| Common Stock | Feb 29, 2016 | S | 400 | $18.80 | D | 323,676 | D | |
| Common Stock | Feb 29, 2016 | S | 810 | $18.81 | D | 322,866 | D | |
| Common Stock | Feb 29, 2016 | S | 100 | $18.82 | D | 322,766 | D | |
| Common Stock | Feb 29, 2016 | S | 1,200 | $18.83 | D | 321,566 | D | |
| Common Stock | Feb 29, 2016 | S | 5 | $18.84 | D | 321,561 | D | |
| Common StockF2 | holding | — | — | — | 135,323 | I | By 401(k) Plan | |
| Common StockF2 | holding | — | — | — | 11,741 | I | By ESOP | |
| Common Stock | holding | — | — | — | 17,785 | I | By Deferred Fee Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $18.48 | Feb 29, 2016 | M | 40,000 | D | Mar 23, 2007 | Mar 23, 2016 | Common Stock | 40,000 | 0 | D |
| Stock OptionsF3 | $18.70 | holding | — | — | — | Feb 24, 2017 | Feb 24, 2026 | Common Stock | 76,327 | 76,327 | D |
| Stock OptionsF3 | $18.34 | holding | — | — | — | Feb 19, 2016 | Feb 16, 2025 | Common Stock | 65,972 | 65,972 | D |
| Stock OptionsF4 | $12.54 | holding | — | — | — | Jan 29, 2009 | Jan 29, 2018 | Common Stock | 13,020 | 13,020 | D |
| Stock OptionsF5 | $16.38 | holding | — | — | — | Feb 19, 2015 | Feb 19, 2024 | Common Stock | 35,000 | 35,000 | D |
| Stock OptionsF4 | $10.40 | holding | — | — | — | Feb 3, 2010 | Feb 3, 2019 | Common Stock | 16,600 | 16,600 | D |
| Stock OptionsF4 | $17.94 | holding | — | — | — | Jan 29, 2008 | Jan 29, 2017 | Common Stock | 27,267 | 27,267 | D |
| Stock OptionsF4 | $10.34 | holding | — | — | — | Mar 4, 2013 | Mar 4, 2023 | Common Stock | 64,433 | 64,433 | D |
| Stock OptionsF4 | $10.40 | holding | — | — | — | Feb 3, 2012 | Feb 3, 2019 | Common Stock | 3,718 | 3,718 | D |
| Stock OptionsF4 | $19.10 | holding | — | — | — | Mar 4, 2014 | Mar 4, 2024 | Common Stock | 14,622 | 14,622 | D |
| Stock OptionsF5 | $15.23 | holding | — | — | — | Feb 19, 2014 | Feb 19, 2023 | Common Stock | 35,000 | 35,000 | D |
| Stock OptionsF5 | $14.88 | holding | — | — | — | Feb 3, 2013 | Feb 3, 2022 | Common Stock | 25,000 | 25,000 | D |
| Stock OptionsF4 | $14.50 | holding | — | — | — | Feb 24, 2012 | Feb 24, 2021 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Exercise of stock options expiring on March 23, 2016.
- F2Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F3Stock options vest at a rate of 33.3% per year.
- F4Stock options have fully vested.
- F5Stock options vest at a rate of 20% per year.