SEC Form 4 · accession 0001140361-16-062809
Cape Bancorp, Inc. · CBNJ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F McGowan Jr.
Officer — EVP and Chief Credit Officer
Period of report
May 2, 2016
Accepted (ET)
May 2, 2016 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001411303
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 2, 2016 | J | 2,000 | — | D | 0 | I | By IRA |
| Common StockF1 | May 2, 2016 | J | 5,209 | — | D | 0 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $7.27 | May 2, 2016 | J | 60,000 | D | Jun 15, 2011 | Jun 12, 2020 | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1Each share of common stock was converted into and became exchangeable for the right to receive (i) $2.25 in cash and (ii) 0.6375 of a share of OceanFirst Financial Corp. common stock.
- F2Each option was converted into an option to purchase a number of shares of OceanFirst Financial Corp. common stock (rounded down to the nearest whole share) determined by multiplying (i) the number of shares of Cape Bancorp, Inc. common stock subject to such stock option by (ii) 0.75, at a per share exercise price (rounded up to the nearest whole cent) equal to the quotient obtained by dividing (a) the per share exercise price for each share of Cape Bancorp, Inc. common stock subject to such option by (b) 0.75.