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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
FIRST SENTINEL BANCORP INC [ FSLA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/29/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | ||||||
AWARDS 2003(1) | 4,000 | D | ||||||||
Common Stock Awards 1998(2) | 9,500(3) | D | ||||||||
Common Stock | 12/29/2003 | M | 35,000 | A | $9 | 256,110 | D | |||
Common Stock | 12/29/2003 | S | 35,000 | D | $21.5 | 221,110 | D | |||
Common Stock | 12/30/2003 | M | 125,000 | A | $9 | 346,110 | D | |||
Common Stock | 12/30/2003 | S | 125,000 | D | $21.475 | 221,110(3) | D | |||
Common Stock Bank 401K | 70,645.3606 | I | 401K Plan | |||||||
Common ESOP Trust | 38,055.0369 | I | ESOP Trust | |||||||
Restricted Stock Awards 1998(4) | 4,000(3) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Common Stock Options 1998 | $9 | 12/29/2003 | M | 35,000 | (5) | 12/16/2008 | Common Stock | 35,000 | $9 | 225,000 | D | ||||
Common Stock Options 1998 | $9 | 12/30/2003 | M | 125,000 | (5) | 12/16/2008 | Common Stock | 125,000 | $9 | 100,000 | D | ||||
Common Stock Deferred Fee Plan | (6) | (7) | (7) | Common Stock | 15,348.8853 | 15,348.8853 | D | ||||||||
Stock Option Plan 1996 | $3.775 | (5) | 11/20/2006 | Common Stock | 25,000 | 25,000 | D |
Explanation of Responses: |
1. Shares granted on December 16, 2003 under the Company's Key Employee Equity Compensation Plan. All share awards vest 100% on December 16, 2004. |
2. Shares granted under the Company's 1998 Stock Based Incentive Plan; awards are earned at a rate of 20% per year commencing December 16, 1999. |
3. The change in number of shares also reflects the vesting of shares granted under the Company's 1998 Stock Based Incentive Plan. |
4. Shares granted under the Company's 1998 Stock Based Incentive Plan; awards earned at a rate of 50% per year commencing December 16, 2003. |
5. All options are currently exercisable. |
6. 1 for 1 |
7. The units are to be settled in First Sentinel Bancorp, Inc. common stock, upon the later of the reporting person's retirement or attainment of age 65, unless otherwise elected. |
Remarks: |
Christopher P. Martin | 12/31/2003 | |
** 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. |