X0303 4 2008-07-01 1 0000773845 GREATER COMMUNITY BANCORP GFLS 0001345104 Mauger Stephen J GREATER COMMUNITY BANCORP 55 UNION BOULEVARD TOTOWA NJ 07511-0269 0 1 0 0 SVP, CFO and Treasurer Common Stock, par value $0.50 2008-07-01 4 D 0 4293.3785 D 0 D Nonstatutory Stock Option 14.6 2008-07-01 4 D 0 539 2.55 D 2012-12-31 Common Stock 539 0 D Nonstatutory Stock Option 14.6 2008-07-01 4 D 0 1077 2.55 D 2013-12-31 Common Stock 1077 0 D Nonstatutory Stock Option 14.6 2008-07-01 4 D 0 1077 2.55 D 2014-12-31 Common Stock 1077 0 D Disposed of pursuant to merger agreement between issuer and Valley National Bancorp, which provides that each share of common stock of Greater Community Bancorp be exchanged for (i) 0.9975 of a share of Valley National Bancorp common stock (valued at $15.73 based on the $15.77 closing price of Valley common stock on June 30, 2008) and (ii) 0.105 of a warrant to purchase shares of Valley National Bancorp common stock (valued at $0.18 as determined in accordance with the Black-Scholes method of valuation). This option was canceled in the merger in exchange for a per share cash payment of $2.55, representing the difference between (x) the exercise price of the option and (y) the sum of (i) the average closing price of Valley National Bancorp common stock on the ten trading days immediately preceding June 24, 2008, times 0.9975, plus (ii) the fair market value of 0.105 of a warrant, based on the Black-Scholes method of valuation (the sum of which equals $17.15). /s/ Stephen J. Mauger 2008-07-02