SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LIPKIN GERALD H

(Last) (First) (Middle)
1455 VALLEY ROAD

(Street)
WAYNE NJ 07470-

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VALLEY NATIONAL BANCORP [ VLY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CHAIRMAN PRESIDENT AND CEO
3. Date of Earliest Transaction (Month/Day/Year)
04/28/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
401K 1,412 D
Common Stock 04/26/2005 G V 2,500 D $0 263,399(1) D
Common Stock (with Spouse) 107 D
Common Stock / IRA 5,655 D
Common Stock 5,299 I IRA/WIFE
Common Stock 68,623 I WIFE
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 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: 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 Appreciation Right $18.87 02/09/1999 02/09/2008 Common Stock 9,972 9,972 D
Stock Option $15.96 02/12/2001 02/12/2010 Common Stock 22,792 22,792 D
Stock Option $18.14 01/05/2000 01/05/2009 Common Stock 4,790 4,790 D
Stock Option $18.87 02/09/1999 02/09/2008 Common Stock 23,545 23,545 D
Stock Option $23.27 03/01/2004 03/01/2013 Common Stock 19,294 19,294 D
Stock Option $24.22 02/15/2002 02/15/2012 Common Stock 1,187 1,187 D
Stock Option $26.74 02/26/2005 02/26/2014 Common Stock 21,000 21,000 D
Stock Option $26.79 02/08/2006 02/08/2015 Common Stock 20,000 20,000 D
STOCK OPTION/NQ $20.2 02/08/2001 02/08/2011 COMMON STK. 23,153 23,153 D
STOCK OPTION/NQ $24.22 02/15/2002 02/15/2012 Common Stock 20,865 20,865 D
Stock Option $18.14 01/05/2000 01/05/2009 Common Stock 19,139 19,139 I 01/05/99 NON-QUAL. STK. OPTION
Explanation of Responses:
1. Includes restricted shares granted under VNB 1999 Long Term Stock Incentive Plan, vesting in five equal installments beginning one year from the grant date.
GERALD H LIPKIN 04/28/2005
** 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 Number.