SEC Form 4 · accession 0000714310-15-000025
VALLEY NATIONAL BANCORP · VLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Meyer
Officer — Executive Vice President
Period of report
Jan 30, 2015
Accepted (ET)
Feb 3, 2015 · 4:42 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 | 32,787 | $0.00 | A | 136,259 | D | |
| Common Stock | Feb 2, 2015 | F | 3,407 | $9.08 | D | 132,852 | D | |
| Common Stock | Feb 2, 2015 | F | 2,503 | $9.08 | D | 130,349 | D | |
| Common Stock | Feb 2, 2015 | F | 1,846 | $9.08 | D | 128,503 | D | |
| Common Stock (with Spouse) | holding | — | — | — | 130,455 | D | ||
| Common Stock (401k Plan)F2 | holding | — | — | — | 4,607 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1(1)This amount represents the following grants under the Valley National Bancorp 2009 Long Term Incentive Stock Plan: (i) 10,929 restricted shares subject to time-based vesting which are scheduled to vest in equal annual increments beginning on the first anniversary of the grant date and (ii) 32,787 restricted stock units subject to performance-based vesting conditions over a three-year period, all of which may be forfeited in the event performance conditions are not satisfied (this amount represents the maximum number of shares that may be earned pursuant to this RSU award).
- F2Holdings under the Valley 401K Plan has been updated to reflect reporting person's balance in the Plan.