SEC Form 4 · accession 0000714310-15-000017
VALLEY NATIONAL BANCORP · VLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter P Crocitto
Officer — Senior EVP & COO, Director · Director
Period of report
Jan 30, 2015
Accepted (ET)
Feb 3, 2015 · 4:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000714310
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 30, 2015 | A | 98,360 | $0.00 | A | 413,947 | D | |
| Common Stock | Feb 2, 2015 | F | 6,510 | $9.08 | D | 407,437 | D | |
| Common Stock | Feb 2, 2015 | F | 4,899 | $9.08 | D | 402,538 | D | |
| Common Stock | Feb 2, 2015 | F | 3,615 | $9.08 | D | 398,923 | D | |
| Common Stock | holding | — | — | — | 41,002 | I | Wife | |
| Common Stock | holding | — | — | — | 6,088 | I | Daughter | |
| Common Stock | holding | — | — | — | 1,048 | I | Custodian/child | |
| Common Stock (401k Plan)F2 | holding | — | — | — | 4,607 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock units granted under the Valley National Bancorp 2009 Long Term Incentive Stock Plan. Of the total shares, 24,590 shares are time-based with three-year equal vesting beginning at grant date. The remaining 73,770 shares are subject to performance-based vesting conditions over a three-year performance period, all of which may be forfeited in the event performance conditions are not satisfied.
- F2Holdings under the Valley 401K Plan has been updated to reflect reporting person's balance in the Plan.