0001814677-20-000024.txt : 20200806 0001814677-20-000024.hdr.sgml : 20200806 20200806142035 ACCESSION NUMBER: 0001814677-20-000024 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200731 FILED AS OF DATE: 20200806 DATE AS OF CHANGE: 20200806 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LEPPERT EDWARD J CENTRAL INDEX KEY: 0001185471 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12569 FILM NUMBER: 201080992 MAIL ADDRESS: STREET 1: C/O SUSSEX BANCORP STREET 2: 399 ROUTE 23 CITY: FRANKLIN STATE: NJ ZIP: 07416 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SB ONE BANCORP CENTRAL INDEX KEY: 0001028954 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 223475473 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 399 RTE 23 CITY: FRANKLIN STATE: NJ ZIP: 07416 BUSINESS PHONE: 9738272914 MAIL ADDRESS: STREET 1: 399 RTE 23 CITY: FRANKLIN STATE: NJ ZIP: 07416 FORMER COMPANY: FORMER CONFORMED NAME: SUSSEX BANCORP DATE OF NAME CHANGE: 19961212 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2020-07-31 1 0001028954 SB ONE BANCORP SBBX 0001185471 LEPPERT EDWARD J C/O SUSSEX BANCORP 399 ROUTE 23 FRANKLIN NJ 07416 1 0 0 0 Common Stock 2020-07-31 4 D 0 40917.02 D 0 I by Dir Def Comp Agreement Common Stock 2020-07-31 4 D 0 59252.63 D 0 D Common Stock 2020-07-31 4 D 0 3500 D 0 I by 401k spouse Common Stock 2020-07-31 4 D 0 7555.47 D 0 I by IRA spouse Common Stock 2020-07-31 4 D 0 31062 D 0 D Stock Option (right to buy) 12.83 2020-07-31 4 D 0 4000 D 2026-02-23 Common Stock 4000 0 D Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 11, 2020, by and between Provident Financial Services, Inc. ("Provident") and SB One Bancorp ("SB One"). SB One merged with and into Provident, with Provident continuing as the surviving entity (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of SB One common stock issued and outstanding immediately prior to such time was converted into the right to receive 1.357 shares of Provident common stock, with a market value of $18.52 per share of SB One common stock based on the closing price of Provident common stock on July 31, 2020. Pursuant to the Merger Agreement, as of the Effective Time, outstanding options, whether vested or not, became fully vested in accordance with the terms of the Merger Agreement and were cancelled in exchange for a cash payment equal to the number of shares of SB One common stock underlying the options multiplied by the excess of the product of the 1.357 exchange ratio and $14.142 (which represents the average of the closing sales price of a share of Provident common stock for the ten consecutive trading days ending on the fifth trading day preceding the closing date) over the per share exercise price, less any applicable withholding for taxes. Joseph Murphy 2020-08-06