ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

OCFC OceanFirst Financial Corporation

15.10
0.34 (2.30%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
OceanFirst Financial Corporation NASDAQ:OCFC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.34 2.30% 15.10 14.81 15.49 15.47 14.81 14.91 199,397 00:58:55

Statement of Changes in Beneficial Ownership (4)

02/03/2021 4:38pm

Edgar (US Regulatory)


FORM 4 [ ] 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 *

ESTEP MICHELE B
2. Issuer Name and Ticker or Trading Symbol

OCEANFIRST FINANCIAL CORP [ OCFC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
_____ Officer (give title below)    __X__ Other (specify below)
EVP & CAO, OceanFirst Bank
(Last)          (First)          (Middle)

110 WEST FRONT STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

2/26/2021
(Street)

RED BANK, NJ 07701
(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 2/26/2021  A  16568 A$0 75014 D (1) 
Common Stock 2/26/2021  A  13252 A$0 88266 D (2) 
Common Stock 2/26/2021  D  1468 D$0 86798 D (3) 
Common Stock 2/26/2021  D  2446 D$0 84352 D (4) 
Common Stock         1022 I By ESOP (5)

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy) $23.25           3/1/2012 3/1/2021 Common Stock 3716.0  3716 D  
Stock Option (right to buy) $15.34           3/1/2013 3/1/2022 Common Stock 1771.0  1771 D  
Stock Option (right to buy) $20.79           3/26/2017 3/26/2025 Common Stock 7503.0  7503 D  
Stock Option (right to buy) $22.69           3/1/2018 3/1/2026 Common Stock 7875.0  7875 D  
Stock Option (right to buy) $25.2           3/1/2020 3/1/2029 Common Stock 50335.0  50335 D (6) 
Stock Option (right to buy) $20.44           3/1/2021 2/28/2030 Common Stock 76790.0  76790 D (6) 

Explanation of Responses:
(1) Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2022. Total includes other restricted shares that vest in the future.
(2) Restricted shares awarded vest in four equal installments beginning on March 1, 2022 at approximately 67% or approximately 83% to 100% depending on the attainment of defined performance criteria for each of the calendar years ended 2021, 2022, 2023, and 2024, or are forfeited if threshold performance is not met. Total includes other unvested restricted shares that vest in the future.
(3) Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2019, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on each of March 1 of 2022, 2023, and 2024, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.
(4) Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2020, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on each of March 1 of 2022, 2023, 2024, and 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.
(5) This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
(6) Options vest in five equal annual installments beginning on the date first exercisable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
ESTEP MICHELE B
110 WEST FRONT STREET
RED BANK, NJ 07701



EVP & CAO, OceanFirst Bank

Signatures
/s/ Steven J. Tsimbinos, Power of Attorney3/2/2021
**Signature of Reporting PersonDate

1 Year OceanFirst Financial Chart

1 Year OceanFirst Financial Chart

1 Month OceanFirst Financial Chart

1 Month OceanFirst Financial Chart

Your Recent History

Delayed Upgrade Clock