SEC Form 4 · accession 0001628280-16-019295
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
Aug 29, 2016
Accepted (ET)
Aug 30, 2016 · 3:28 pm EDT
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 Stock | Aug 29, 2016 | M | 27,267 | $17.94 | A | 345,190 | D | |
| Common Stock | Aug 29, 2016 | S | 790 | $21.33 | D | 344,400 | D | |
| Common Stock | Aug 29, 2016 | S | 3,449 | $21.32 | D | 340,951 | D | |
| Common Stock | Aug 29, 2016 | S | 9,591 | $21.31 | D | 331,360 | D | |
| Common Stock | Aug 29, 2016 | S | 12,237 | $21.30 | D | 319,123 | D | |
| Common Stock | Aug 29, 2016 | S | 1,200 | $21.29 | D | 317,923 | D | |
| Common StockF1 | holding | — | — | — | 137,738 | I | By 401(k) Plan | |
| Common StockF1 | holding | — | — | — | 12,979 | 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 OptionsF2 | $17.94 | Aug 29, 2016 | M | 27,267 | D | Jan 29, 2008 | Jan 29, 2017 | Common Stock | 27,267 | 0 | D |
| Stock OptionsF3 | $18.34 | holding | — | — | — | Feb 19, 2016 | Feb 19, 2025 | Common Stock | 65,972 | 65,972 | D |
| Stock OptionsF2 | $12.54 | holding | — | — | — | Jan 29, 2009 | Jan 29, 2018 | Common Stock | 13,020 | 13,020 | D |
| Stock OptionsF4 | $16.38 | holding | — | — | — | Feb 19, 2015 | Feb 19, 2024 | Common Stock | 35,000 | 35,000 | D |
| Stock OptionsF4 | $14.88 | holding | — | — | — | Feb 3, 2013 | Feb 3, 2022 | Common Stock | 25,000 | 25,000 | D |
| Stock OptionsF2 | $10.40 | holding | — | — | — | Feb 3, 2010 | Feb 3, 2019 | Common Stock | 16,600 | 16,600 | D |
| Stock OptionsF2 | $10.34 | holding | — | — | — | Mar 4, 2013 | Mar 4, 2023 | Common Stock | 64,433 | 64,433 | D |
| Stock Options | $16.38 | holding | — | — | — | Mar 4, 2016 | Feb 19, 2024 | Common Stock | 45,762 | 45,762 | D |
| Stock OptionsF2 | $10.40 | holding | — | — | — | Feb 3, 2012 | Feb 3, 2019 | Common Stock | 3,718 | 3,718 | D |
| Stock OptionsF3 | $18.70 | holding | — | — | — | Feb 24, 2017 | Feb 24, 2026 | Common Stock | 76,327 | 76,327 | D |
| Stock OptionsF2 | $19.10 | holding | — | — | — | Mar 4, 2014 | Mar 4, 2024 | Common Stock | 14,622 | 14,622 | D |
| Stock OptionsF4 | $15.23 | holding | — | — | — | Feb 19, 2014 | Feb 19, 2023 | Common Stock | 35,000 | 35,000 | D |
| Stock OptionsF4 | $14.50 | holding | — | — | — | Feb 24, 2012 | Feb 24, 2021 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F2Stock options have fully vested.
- F3Stock options vest at a rate of 33.3% per year.
- F4Stock options vest at a rate of 20% per year.