SC 13D/A 1 schedule13damendment22.htm CENTER BANCORP INC. SCHEDULE 13D AMENDMENT NO. 22 schedule13damendment22.htm

 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)

(Amendment No. 22)

CENTER BANCORP, INC.
(Name of Issuer)

Common Stock, No Par Value
(Title of Class of Securities)

151408101
(CUSIP Number)

LAWRENCE B. SEIDMAN
100 Misty Lane, 1st Floor
Parsippany, New Jersey 07054
(973) 952-0405

STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

September 6, 2011
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box .

 
 

 

 
CUSIP No. 151408101
   


1
NAME OF REPORTING PERSONS
 
Seidman and Associates, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                                (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
    672,732
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
    672,732
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                    
 
    672,732
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                                     
 
    4.1%
14
TYPE OF REPORTING PERSON
 
OO
 
 
 
 

 

 
 
CUSIP No. 151408101
   


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
    635,692
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
   
    635,692
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    635,692
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    3.9%
14
TYPE OF REPORTING PERSON
 
PN
 

 
 
 

 
 
CUSIP No. 151408101
   


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership II, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
    627,721
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
    627,721
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
    627,721
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    3.8%
14
TYPE OF REPORTING PERSON
 
PN
 
 
 

 
 CUSIP No. 151408101
 
 
 
 
 
1
NAME OF REPORTING PERSONS
 
    Veteri Place Corporation
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                         (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
    OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
  1,641,210      
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
    1,641,210
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    1,641,210
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    10.1%
14
TYPE OF REPORTING PERSON
 
    CO
 

 
 

 
CUSIP No. 151408101
   


1
NAME OF REPORTING PERSONS
 
Lawrence B. Seidman
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                         (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
    OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
    3,692,604      
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
    3,692,604
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    3,692,604
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
    22.7%
14
TYPE OF REPORTING PERSON
 
IN

 
 
 

 
CUSIP No. 151408101
   

The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).

 
 
Item 5.
Interest in Securities of the Issuer.
 
The aggregate percentage of Shares reported owned by each Reporting Person is based upon 16,290,700 Shares outstanding, as of July 31, 2011, which is the total number of Shares outstanding as reported in the Issuer’s 10-Q , filed with the Securities and Exchange Commission on August 9, 2011.
 
A.  
SAL
 
(a)  
As of the close of business on September 6, 2011, SAL beneficially owned 667,204 Shares.
 
Percentage: Approximately 4.1%.
 
(b)  
1. Sole power to vote or direct the vote: 672,732
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 672,732
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by SAL during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
B.  
SIP
 
(a)  
As of the close of business on September 6, 2011, SIP beneficially owned 635,692 Shares.
 
Percentage: Approximately 3.9%.
 
(b)  
1. Sole power to vote or direct the vote: 635,692
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 635,692
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by SIP during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
C.  
SIPII
 
(a)  
As of the close of business on September 6, 2011, SIPII beneficially owned 627,721 Shares.
 
Percentage: Approximately 3.8%.
 
(b)  
1. Sole power to vote or direct the vote: 627,721
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 627,721
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by SIPII during the past 60 days are set forth in Schedule B and are incorporated herein by reference.
 
D.  
LSBK
 
(a)  
As of the close of business on September 6, 2011, LSBK beneficially owned 377,797 Shares.
 
Percentage: Approximately 2.3%.
 
(b)  
1. Sole power to vote or direct the vote: 377,797
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 377,797
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
LSBK has not entered into any transactions in the Shares during the past 60 days. 
 
E.  
Broad Park
 
(a)  
As of the close of business on September 6, 2011, Broad Park beneficially owned 506,527 Shares.
 
Percentage: Approximately 3.1%.
 
(b)  
1. Sole power to vote or direct the vote: 506,527
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 506,527
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Broad Park has not entered into any transactions in the Shares during the past 60 days.
 
F.  
CBPS
 
(a)  
As of the close of business on September 6, 2011, CBPS beneficially owned 388,871 Shares.
 
Percentage: Approximately 2.4%.
 
(b)  
1. Sole power to vote or direct the vote: 388,871
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 388,871
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
CBPS has not entered into any transactions in the Shares during the past 60 days.
 
G.  
2514 MSF
 
(a)  
As of the close of business on September 6, 2011, 2514 MSF beneficially owned 109,546 Shares.
 
Percentage: Approximately 0.7%.
 
(b)  
1. Sole power to vote or direct the vote: 109,546
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 109,546
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
2514 MSF has not entered into any transactions in the Shares during the past 60 days.
 
H.  
Chewy
 
(a)  
As of the close of business on September 6, 2011, Chewy beneficially owned 272,415 Shares.
 
Percentage: Approximately 1.7%.
 
(b)  
1. Sole power to vote or direct the vote: 272,415
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 272,415
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Chewy has not entered into any transactions in the Shares during the past 60 days.
 
I.  
Veteri
 
(a)  
Veteri, (i) as the Corporate General Partner of each of SIP and SIPII, may be deemed the beneficial owner of the 635,692 Shares owned by SIP and the 627,721 Shares owned by SIPII, and (ii) as the Trading Advisor of LSBK may be deemed the beneficial owner of the 377,797 Shares owned by LSBK.  Accordingly, Veteri may be deemed the beneficial owner of an aggregate of 1,641,210 Shares.
 
Percentage: Approximately 10.1%.
 
(b)  
1. Sole power to vote or direct the vote: 1,641,210
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 1,641,210
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Veteri has not entered into any transactions in the Shares during the past 60 days.  LSBK has not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of SIP and SIPII are set forth on Schedule B and incorporated herein by reference.
 
 
 
J. 
Pollack
 
(a)  
As of the close of business on September 6, 2011, Pollack beneficially owned 18,909 Shares.
 
Percentage: Approximately 0.1%.
 
(b)  
1. Sole power to vote or direct the vote: 18,909
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 18,909
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Pollack has not entered into any transactions in the Shares during the past 60 days. 
 
K.  
Seidman
 
(a)  
Seidman, (i) as the manager of SAL, may be deemed the beneficial owner of the 672,732 Shares owned by SAL, (ii) as the sole officer of Veteri, the corporate general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 635,692 Shares owned by SIP and the 627,721 Shares owned by SIPII, and (iii) as the sole officer of Veteri, the Trading Advisor of LSBK, may be deemed the beneficial owner of the 377,797 Shares owned by LSBK, (iv) as the investment manager for each of Broad Park, CBPS, 2514 MSF and Chewy, may be deemed the beneficial owner of the 377,797 Shares owned by Broad Park, the 388,871 Shares owned by CBPS, the 109,546 Shares owned by 2514 MSF and the 272,415 Shares owned by Chewy, and (v) as attorney-in-fact for Dennis Pollack pursuant to Joint Filing Agreement dated June 27, 2006.  Accordingly, Seidman may be deemed the beneficial owner of an aggregate of 3,692,604 Shares.  In the foregoing capacities, Seidman has sole and exclusive investment discretion and voting authority with respect to all such Shares.
 
Percentage: Approximately 22.7%.
 
(b)  
1. Sole power to vote or direct the vote: 3,692,604
 
 
2. Shared power to vote or direct the vote: 0
 
 
3. Sole power to dispose or direct the disposition: 3,692,604
 
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Seidman has not entered into any transactions in the Shares during the past 60 days.  LSBK, Broad Park, CBPS, 2514 MSF, Chewy and Pollack have not entered into any transactions in the Shares during the past 60 days.  The transactions in the Shares during the past 60 days on behalf of SAL, SIP and SIPII are set forth on Schedule B and incorporated herein by reference. 
 
Each of the Reporting Persons, as a member of a “group” with the other Reporting Persons for purposes of Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), may be deemed to beneficially own the Shares owned by the other Reporting Persons.  The filing of this Schedule 13D shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 13(d) of the Exchange Act, the beneficial owner of any Shares he or it does not directly own.  Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that he or it does not directly own.
 
To the best of the Reporting Persons’ knowledge, none of the persons listed on Schedule A beneficially owns any securities of the Issuer.
 
(d)  
No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
 
(e)  
Not applicable.
 
 
 

 
Signature Page to Center Bancorp, Inc. Schedule 13D


SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:          September 9, 2011
SEIDMAN AND ASSOCIATES, L.L.C.
   
   
 
By:
/ss/ Lawrence B. Seidman 
   
Lawrence B. Seidman
Manager


 
SEIDMAN INVESTMENT PARTNERSHIP, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
SEIDMAN INVESTMENT PARTNERSHIP II, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
LSBK06-08, L.L.C.
   
  By:
Veteri Place Corporation, its
Trading Advisor
     
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
BROAD PARK INVESTORS, L.L.C.
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager


 
CBPS, L.L.C.
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager


 
2514 MULTI-STRATEGY FUND, L.P.
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager


 
VETERI PLACE CORPORATION
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President

 
 
CHEWY GOOEY COOKIES, L.P.
   
   
 
By:
 /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager
 
 
   DENNIS POLLACK
   
   
  By:  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Attorney-in-fact pursuant to Joint Filing Agreement dated June 27, 2006

 
   /ss/ Lawrence B. Seidman
 
LAWRENCE B. SEIDMAN
 
 
 

 
CUSIP No. 151408101
   

SCHEDULE B

Transactions in the Shares During the Past 60 Days
 
 
Entity  Date Purch Cost per Share* Cost* Shares
SAL
8/16/2011
9.4332
94,331.95
10,000
SAL
8/25/2011
9.2537
14,750.45
1,594
SAL
9/2/2011
9.0590
5,969.90
659
SAL
9/6/2011
9.0460
50,006.16
5,528
         
SIP
8/12/2011
9.4537
15,220.45
1,610
SIP
8/19/2011
9.2858
80,786.32
8,700
         
SIP II
8/8/2011
9.4938
75,950.40
8,000
 
 
 
             * Includes brokerage commissions.