Sec Form 4 Filing - Spero Vincent A @ PEAPACK GLADSTONE FINANCIAL CORP - 2019-06-12

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

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The following is an SEC EDGAR document rendered as filed.
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Spero Vincent A
2. Issuer Name and Ticker or Trading Symbol
PEAPACK GLADSTONE FINANCIAL CORP [ PGC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Head of Comml Real Estate
(Last)
(First)
(Middle)
500 HILLS DRIVE, SUITE 300, PO BOX 700
3. Date of Earliest Transaction (MM/DD/YY)
06/12/2019
(Street)
BEDMINSTER, NJ07921
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 06/12/2019 S 3,000 ( 1 ) D $ 28.2164 49,028.7785 D
Common Stock 15,599 ( 2 ) I 401(k) Plan/Profit Sharing
Common Stock 3,466.8289 ( 3 ) I Employee Stock Purchase Plan
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Restricted Stock Units ( 4 ) ( 5 ) ( 5 ) Common Stock 12,018 12,018 D
Restricted Stock Units ( 4 ) ( 6 ) ( 6 ) Common Stock 4,481 4,481 D
Restricted Stock Units ( 7 ) ( 8 ) ( 8 ) Common Stock 4,272 4,272 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Spero Vincent A
500 HILLS DRIVE, SUITE 300
PO BOX 700
BEDMINSTER, NJ07921
EVP, Head of Comml Real Estate
Signatures
Vincent A. Spero 06/13/2019
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )The sale of common stock reflected in this Form 4 was pursuant to a Rule 10b-5 trading plan dated May 9, 2019
( 2 )Includes 401(k) contributions used to purchase PGC stock.
( 3 )Includes shares received through dividend reinvestment since the last filing.
( 4 )Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
( 5 )The restricted stock units vest and settle in stock in three approximately equal installments on each of the first three anniversaries of the grant date.
( 6 )The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.
( 7 )Each restricted stock unit represents the right to receive one share of common stock of Peapack-Gladstone Financial Corporation subject to certain performance conditions. The units will cliff vest, after three years, if the conditions are met.
( 8 )The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.

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.
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