SEC Form 4 · accession 0001140361-17-044989
Kearny Financial Corp. · KRNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Ledgerwood
Officer — SEVP & COO
Period of report
Dec 1, 2017
Accepted (ET)
Dec 5, 2017 · 12:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001617242
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF4,F1 | Dec 1, 2017 | A | 13,000 | $0.00 | A | 172,350 | D | |
| Common StockF1 | Dec 1, 2017 | F | 13,487 | $14.70 | D | 158,863 | D | |
| Common StockF3 | holding | — | — | — | 10,907 | I | By 401(k) | |
| Common StockF3 | holding | — | — | — | 40,540 | I | By ESOP | |
| Common StockF3 | holding | — | — | — | 1,846 | I | By BEP | |
| Common Stock | holding | — | — | — | 13,804 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $15.35 | holding | — | — | — | Dec 1, 2017 | Dec 1, 2026 | Common Stock | 270,000 | 270,000 | D |
Explanation of responses
- F1Includes shares of restricted stock which vest at a rate of 20% per year commencing on December 1, 2017.
- F2Stock options vest at a rate of 20% per year commencing on December 1, 2017.
- F3Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F4On December 1, 2016 the reporting person was granted 65,000 shares of restricted stock which vest at a rate of 20% per year commencing on December 1, 2017, subject to satisfaction of certain performance criteria. The performance criteria for the fiscal year ended June 30, 2017 were met, resulting in the vesting of 13,000 shares of restricted stock.