Sec Form 4 Filing - POLLACK DENNIS @ PRUDENTIAL BANCORP, INC. - 2022-07-01

Insider filing report for Changes in Beneficial Ownership
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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
POLLACK DENNIS
2. Issuer Name and Ticker or Trading Symbol
PRUDENTIAL BANCORP, INC. [ PBIP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
C/O PRUDENTIAL BANK, 1834 WEST OREGON AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
07/01/2022
(Street)
PHILADELPHIA, PA19145
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 07/01/2022 D 71,566 D 0 D
Common Stock 07/01/2022 D 13,290 D 0 I By 401(k) 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
Stock Option $ 18.46 07/01/2022 D 80,000 03/21/2019 03/21/2028 Common Stock 80,000 ( 2 ) 0 D
Stock Option $ 14.42 07/01/2022 D 10,000 08/17/2017 08/17/2026 Common Stock 10,000 ( 3 ) 0 D
Stock Option $ 12.23 07/01/2022 D 30,000 02/18/2016 02/18/2025 Common Stock 30,000 ( 3 ) 0 D
Stock Option $ 18.16 07/01/2022 D 11,851 07/17/2020 07/17/2029 Common Stock 11,851 ( 3 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
POLLACK DENNIS
C/O PRUDENTIAL BANK
1834 WEST OREGON AVENUE
PHILADELPHIA, PA19145
X President and CEO
Signatures
/s/ Dennis Pollack 07/06/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Disposed pursuant to a merger agreement dated March 1, 2022 between Prudential Bancorp, Inc. ("Prudential") and Fulton Financial Corporation ("Fulton") pursuant to which each share of Prudential common stock was entitled to receive (i) 0.7974 of a share of Fulton common stock and (ii) $3.65 in cash. The merger was effective July 1, 2022.
( 2 )Options were cancelled without payment in connection with the merger because the exercise price exceeded $18.25.
( 3 )The options were cancelled in connection with the merger in exchange for a cash payment equal to the difference between $18.25 and exercise price of the option multiplied by the number of shares subject to the option.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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