SEC Form 4 · accession 0001140361-16-057784
Oritani Financial Corp · ORIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A DeBernardi
Officer — EVP and COO · Director
Period of report
Mar 11, 2016
Accepted (ET)
Mar 15, 2016 · 2:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001483195
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 11, 2016 | S | 300 | $17.20 | D | 285,561 | D | |
| Common StockF1 | Mar 11, 2016 | S | 100 | $17.21 | D | 285,461 | D | |
| Common StockF1 | Mar 11, 2016 | S | 200 | $17.22 | D | 285,261 | D | |
| Common StockF1 | Mar 14, 2016 | M | 48,664 | $10.43 | A | 333,925 | D | |
| Common StockF1 | Mar 14, 2016 | S | 100 | $16.85 | D | 333,825 | D | |
| Common StockF1 | Mar 14, 2016 | S | 100 | $16.86 | D | 333,725 | D | |
| Common StockF1 | Mar 14, 2016 | S | 200 | $16.87 | D | 333,525 | D | |
| Common StockF1 | Mar 14, 2016 | S | 600 | $16.88 | D | 332,925 | D | |
| Common StockF1 | Mar 14, 2016 | S | 600 | $16.89 | D | 332,325 | D | |
| Common StockF1 | Mar 14, 2016 | S | 800 | $16.90 | D | 331,525 | D | |
| Common StockF1 | Mar 14, 2016 | S | 1,320 | $16.91 | D | 330,205 | D | |
| Common StockF1 | Mar 14, 2016 | S | 2,890 | $16.92 | D | 327,315 | D | |
| Common StockF1 | Mar 14, 2016 | S | 3,610 | $16.93 | D | 323,705 | D | |
| Common StockF1 | Mar 14, 2016 | S | 8,398 | $16.94 | D | 315,307 | D | |
| Common StockF1 | Mar 14, 2016 | S | 15,048 | $16.95 | D | 300,259 | D | |
| Common StockF1 | Mar 14, 2016 | S | 4,473 | $16.96 | D | 295,786 | D | |
| Common StockF1 | Mar 14, 2016 | S | 3,826 | $16.97 | D | 291,960 | D | |
| Common StockF1 | Mar 14, 2016 | S | 2,802 | $16.98 | D | 289,158 | D | |
| Common StockF1 | Mar 14, 2016 | S | 1,299 | $16.99 | D | 287,859 | D | |
| Common StockF1 | Mar 14, 2016 | S | 1,516 | $17.00 | D | 286,343 | D | |
| Common StockF1 | Mar 14, 2016 | S | 100 | $17.01 | D | 286,243 | D | |
| Common StockF1 | Mar 14, 2016 | S | 100 | $17.02 | D | 286,143 | D | |
| Common StockF1 | Mar 14, 2016 | S | 200 | $17.03 | D | 285,943 | D | |
| Common StockF1 | Mar 14, 2016 | S | 682 | $17.07 | D | 285,261 | D | |
| Common StockF3 | holding | — | — | — | 25,982 | 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 Options | $10.43 | Mar 14, 2016 | M | 48,664 | D | May 5, 2009 | May 5, 2018 | Common Stock | 48,664 | 55,588 | D |
| Stock OptionsF2 | $11.95 | holding | — | — | — | Aug 18, 2012 | Aug 18, 2021 | Common Stock | 455,000 | 455,000 | D |
Explanation of responses
- F1Includes shares of restricted stock which vest at a rate of 20% per year commencing on August 18, 2012.
- F2Stock options vest at a rate of 20% per year commencing on August 18, 2012.
- F3Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.