SEC Form 4 · accession 0000927089-16-000745
PRUDENTIAL BANCORP, INC. · PBIP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Joseph R Corrato
Officer — President and CEO · Director
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 4:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001578776
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 18, 2016 | F | 2,297 | $15.30 | D | 45,865 | D | |
| Common StockF3 | holding | — | — | — | 7,037 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 82 | I | By Son | |
| Common Stock | holding | — | — | — | 13,399 | 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 OptionF4 | $12.23 | holding | — | — | — | Dec 18, 2016 | Dec 18, 2025 | Common Stock | 75,000 | 75,000 | D |
| Stock OptionF5 | $11.84 | holding | — | — | — | Jan 5, 2010 | Jan 5, 2019 | Common Stock | 53,302 | 53,302 | D |
| Common StockF6 | $7.68 | holding | — | — | — | Jan 5, 2014 | Jan 5, 2023 | Common Stock | 12,746 | 12,746 | D |
Explanation of responses
- F1Disposition solely to meet tax obligations upon vesting of grant of shares pursuant to the 2014 Stock Incentive Plan.
- F2Includes 1,511 shares held in the 2008 Recognition and Retention Plan Trust which reflects unvested portions of a grant originally covering 3,776 shares of common stock that are vesting at the rate of 20% per year commencing on January 5, 2014. Also includes 24,000 shares which reflects the unvested portion of a grant originally covering 30,000 shares pursuant to the 2014 Stock Incentive Plan that vests 20% per year commencing on February 18, 2016.
- F3Reflects units which represent share interests in the issuer's 401(k) Plan.
- F4The options are vesting at a rate of 20% per year commencing on February 18, 2016.
- F5The options vested at a rate of 20% per year commencing on January 5, 2010.
- F6The options are vesting at a rate of 20% per year commencing on January 5, 2014.