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CSBK Clifton Bancorp Inc. (MM)

15.65
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Clifton Bancorp Inc. (MM) NASDAQ:CSBK NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.65 15.70 15.99 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

03/04/2018 10:30pm

Edgar (US Regulatory)


FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

PETO JOHN H
2. Issuer Name and Ticker or Trading Symbol

Clifton Bancorp Inc. [ CSBK ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

1433 VAN HOUTEN AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

4/2/2018
(Street)

CLIFTON, NJ 07015
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   4/2/2018     D    40285.0000   D $0.0000   (1) 0.0000   D    
Common Stock   4/2/2018     D    7343.0000   D $0.0000   (1) 0.0000   I   By IRA  
Common Stock   4/2/2018     D    16377.0000   D $0.0000   (1) 0.0000   I   By Stock Award  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option   $13.8400   4/2/2018     D         68238.0000    9/2/2016   9/2/2025   Common Stock   68238.0000   $0.0000   (2) 0.0000   D    

Explanation of Responses:
(1)  Disposed of pursuant to the Agreement and Plan of Merger, dated as of November 1, 2017, by and among Kearny Financial Corp. ("Kearny") and Clifton Bancorp Inc. ("Clifton"). Clifton merged with and into Kearny, with Kearny continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of Clifton common stock issued and outstanding immediately prior to such time was converted into the right to receive 1.191 shares of Kearny common stock.
(2)  At the Effective Time, pursuant to the Agreement and Plan of Merger, dated as of November 1, 2017, by and among Kearny Financial Corp. and Clifton Bancorp Inc., all stock options were cancelled and the reporting person received a cash payment equal to $18.25 per share minus the applicable exercise price of such stock option multiplied by each stock option held.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
PETO JOHN H
1433 VAN HOUTEN AVENUE
CLIFTON, NJ 07015
X



Signatures
Aaron M. Kaslow, Power of Attorney 4/3/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1 Year Clifton Bancorp Inc. (MM) Chart

1 Year Clifton Bancorp Inc. (MM) Chart

1 Month Clifton Bancorp Inc. (MM) Chart

1 Month Clifton Bancorp Inc. (MM) Chart