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*
BROCKRIEDE JOHN A

(Last) (First) (Middle)
C/O CENTRAL JERSEY BANCORP
1903 HIGHWAY 35

(Street)
OAKHURST NJ 07755

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CENTRAL JERSEY BANCORP [ CJBK ]
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)
11/30/2010
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, $0.01 par value 11/30/2010 U(1) 1,244 D $7.5 0 D
Common Stock, $0.01 par value 11/30/2010 U(1) 2,488 D $7.5 0 D(2)
Common Stock, $0.01 par value 11/30/2010 U(1) 296,388 D $7.5 0 D(3)
Common Stock, $0.01 par value 11/30/2010 U(1) 20,534 D $7.5 0 I(4) By IRA
Common Stock, $0.01 par value 11/30/2010 U(1) 3,899 D $7.5 0 I(5) By SEP
Common Stock, $0.01 par value 11/30/2010 U(1) 3,202 D $7.5 0 I(6) By IRA
Common Stock, $0.01 par value 11/30/2010 U(1) 127,281 D $7.5 0 I(7) By LLC
Common Stock, $0.01 par value 11/30/2010 U(1) 16,355 D $7.5 0 I(8) By trusts
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) $9.9 11/30/2010 U(1) 16,670 (9) 02/28/2014 Common Stock, $.01 par value 0 $0 0 D
Stock Option (Right to Buy) $5.32 11/30/2010 U(1) 8,752 (10) 02/28/2013 Common Stock, $.01 par value 8,752 $2.18 0 D
Explanation of Responses:
1. On November 30, 2010, the merger by and among Central Jersey Bancorp ("Central Jersey"), Central Jersey Bank, N.A., Kearny Financial Corp. ("Kearny") and Kearny Federal Savings Bank was completed, pursuant to which Kearny acquired all of the outstanding shares of Central Jersey for $7.50 per share in cash. Options to acquire shares of Central Jersey were cancelled in exchange for a cash payment equal to the positive difference, if any, of the merger consideration of $7.50 per share over the per share exercise price.
2. Held jointly with Mr. Brockriede's wife, directly.
3. Held jointly with Mr. Brockriede's wife, through a broker.
4. Held in an Individual Retirement Account for the benefit of Mr. Brockriede.
5. Held in a Simplified Employee Pension Plan for the benefit of Mr. Brockriede.
6. Held in an Individual Retirement Account for the benefit of Mr. Brockriede's wife, as to which he disclaims any beneficial interest.
7. Held by an LLC in which Mr. Brockriede is an Administrative Member, as to which he disclaims any beneficial interest except to the extent of his ownership interest in the LLC.
8. Held in certain trusts for the benefit of Mr. Brockriede's family members, of which his wife is trustee. Mr. Brockriede disclaims any beneficial interest of these shares.
9. This option was canceled upon the consummation of the merger. As the per share exercise price of $9.90 per share exceeded the merger consideration of $7.50 per share, no consideration was paid in exchange for the cancellation of this option.
10. This option was canceled upon the consummation of the merger in exchange for a cash payment of $19,079.36, representing the positive difference between the merger consideration of $7.50 per share over the per share exercise price of $5.32, multiplied by 8,752 shares of common stock subject to the option.
/s/ James S. Vaccaro, as Attorney-in-Fact for John A. Brockriede 12/03/2010
** 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).
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