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*
SMITH PHILIP W III

(Last) (First) (Middle)
190 MAIN STREET

(Street)
GLADSTONE NJ 07934

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PEAPACK GLADSTONE FINANCIAL CORP [ PGC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/12/2006
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
Common Stock 01/12/2006 F 1,345 D $27.73 21,776.2864(1) D
Common Stock 01/12/2006 M 1,892 A $17.53 23,668.2864 D
Common Stock 01/12/2006 M 265 A $15.68 23,933.2864 D
Common Stock 6,756.8405(6) I Spouse
Common Stock 648.5872(7) I Child
Common Stock 638.0579(8) I Child
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 Option (right to buy) $17.53 01/12/2006 M 1,892 (4) 04/28/2008 Common Stock 1,892 (2) 3,785 D
Stock Option (right to buy) $15.68 01/12/2006 M 265 (3) 03/08/2010 Common Stock 265 (2) 1,590 D
Stock Option (right to buy) $28.89 (5) 01/09/2014 Common Stock 11,000 11,000 D
Explanation of Responses:
1. The reporting person received 117.9820 shares through dividend reinvestment on November 1, 2005.
2. Option grant has no purchase or sale price.
3. The options were exercisable in five equal annual installments on March 8, 2002, 2003, 2004, 2005 and 2006.
4. The options were exercisable in five equal annual installments on April 28, 1999, 2000, 2001, 2002 and 2003.
5. The options were exercisable in five equal annual installments on January 9, 2005, 2006, 2007, 2008 and 2009. On December 8, 2005, the Compensation Committee of the Board of Directors of Peapack-Gladstone Financial Corporation authorized the accelerated vesting of the remaining options.
6. The reporting person's spouse received a total of 14.5676 shares through dividend reinvestment on November 1, 2005.
7. The reporting person's child received a total of 3.3096 shares through dividend reinvestment on November 1, 2005.
8. The reporting person's child received a total of 1.8984 shares through dividend reinvestment on November 1, 2005.
Remarks:
Philip W. Smith III 01/17/2006
** 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.