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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options | $ 14.93 | 11/14/2007 | A | 1,915 | (11) | 11/14/2017 | Common Stock | 1,915 | $ 0 | 1,915 | D | ||||
Stock Options | $ 14.24 | 11/17/2008 | A | 1,216 | (11) | 11/17/2018 | Common Stock | 1,216 | $ 0 | 1,216 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CRANDELL MITCHELL L 1455 VALLEY ROAD WAYNE, NJ 07470 |
First SVP & CAO |
/s/ Mitchell L. Crandell | 05/01/2015 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Represents a restricted stock award granted under the VNB 1999 Long Term Stock Incentive Plan subject to vesting in five equal annual installments commencing with the first anniversary of the grant date. |
(2) | Adjusted to reflect a 5% stock dividend paid on May 25, 2007 to stockholders of record on May 11, 2007. |
(3) | Adjusted to reflect 5% stock dividend paid on May 23, 2008 to stockholders of record on May 9, 2008. |
(4) | Represents a restricted stock award granted under the VNB 2009 Long Term Stock Incentive Plan subject to vesting in three equal annual installments commencing with the first anniversary of the grant date. |
(5) | Adjusted to reflect 5% stock dividend paid on May 22, 2009 to shareholders of record on May 8, 2009. |
(6) | Adjusted to reflect 5% stock dividend paid on May 21, 2010 to shareholders of record on May 7, 2010. |
(7) | Adjusted to reflect 5% stock dividend paid on May 20, 2011 to shareholders of record on May 6, 2011. |
(8) | Adjusted to reflect 5% stock dividend paid on May 25, 2012 to shareholders of record on May 11, 2012. |
(9) | Amount reported reflects downward adjustment of seven shares due to rounding. |
(10) | The reporting person accumulated 2,558 shares under Valley's 401(k) Plan until his March 12, 2013 transfer of holdings in the VNB Stock Fund to alternate investment options under the plan. The reporting person currently holds no VNB shares under Valley's 401(k) Plan. |
(11) | Represents a stock option award granted under the VNB 1999 Long Term Stock Incentive Plan which vested and became exercisable in five equal annual installments commencing with the first anniversary of the grant date. Amounts are adjusted to reflect 5% stock dividends since date of grant. |