0001814677-20-000021.txt : 20200806
0001814677-20-000021.hdr.sgml : 20200806
20200806131554
ACCESSION NUMBER: 0001814677-20-000021
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200731
FILED AS OF DATE: 20200806
DATE AS OF CHANGE: 20200806
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Giannola Vito
CENTRAL INDEX KEY: 0001732510
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12569
FILM NUMBER: 201080827
MAIL ADDRESS:
STREET 1: C/O SUSSEX BANCORP
STREET 2: 399 ROUTE 23
CITY: FRANKLIN
STATE: NJ
ZIP: 07416
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SB ONE BANCORP
CENTRAL INDEX KEY: 0001028954
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 223475473
STATE OF INCORPORATION: NJ
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 399 RTE 23
CITY: FRANKLIN
STATE: NJ
ZIP: 07416
BUSINESS PHONE: 9738272914
MAIL ADDRESS:
STREET 1: 399 RTE 23
CITY: FRANKLIN
STATE: NJ
ZIP: 07416
FORMER COMPANY:
FORMER CONFORMED NAME: SUSSEX BANCORP
DATE OF NAME CHANGE: 19961212
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2020-07-31
0
0001028954
SB ONE BANCORP
SBBX
0001732510
Giannola Vito
C/O SB ONE BANCORP
95 STATE ROUTE 17
PARAMUS
NJ
07652
0
1
0
0
SEVP & CBO
Common Stock
2020-07-31
4
D
0
71120.55
D
0
D
Stock Option (right to buy)
9.97
2020-07-31
4
D
0
5000
D
2024-11-04
Common Stock
5000
0
D
Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 11, 2020, by and between Provident Financial Services, Inc. ("Provident")and SB One Bancorp ("SB One"). SB One Bancorp merged with and into Provident, with Provident continuing as the surviving entity ("the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of SB One common stock issued and outstanding immediately prior to such time was converted into the right to receive 1.357 shares of Provident common stock, with a market value of $18.52 per share of SB One common stock based on the closing price of Provident common stock on July 31, 2020.
[Pursuant to the Merger Agreement, as of the Effective Time, outstanding options, whether vested of not, became fully vested in accordance with the terms of the Merger Agreement and were canceled in exchange for a cash payment equal to the number of shares of SB One common stock underlying the options multiplied by the excess of the product of the 1.357 exchange ratio and $14.142 (which represents the average of the closing sales price of a shares of Provident common stock for the ten consecutive trading days ending on the fifth trading day preceding the closing date) over the per share exercise price, less any withholding for taxes.]
Joseph Murphy
2020-08-06