Sec Form 4 Filing - Cobb Richard Monroe @ NEWBRIDGE BANCORP - 2016-03-01

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
Cobb Richard Monroe
2. Issuer Name and Ticker or Trading Symbol
NEWBRIDGE BANCORP [ NBBC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, CAO, & Controller
(Last) (First) (Middle)
P. O. BOX 18807
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2016
(Street)
GREENSBORO, NC27419
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
Class A Common Stock 03/01/2016 D 17,400 D 0 D
Class A Common Stock 03/01/2016 D 9,000 D 0 I By IRA
Class A Common Stock 03/01/2016 D 31,295 D 0 I By 401(k)
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
Incentive Stock Option (Right to Buy) $ 9.82 03/01/2016 D 3,000 ( 2 ) 01/22/2018 Class A Common Stock 3,000 ( 3 ) 0 D
Restricted Stock Units ( 4 ) 03/01/2016 D 3,077 ( 5 ) ( 5 ) Class A Common Stock 3,077 ( 5 ) 0 D
Restricted Stock Units ( 4 ) 03/01/2016 D 2,731 ( 6 ) ( 6 ) Class A Common Stock 2,731 ( 6 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Cobb Richard Monroe
P. O. BOX 18807
GREENSBORO, NC27419
SVP, CAO, & Controller
Signatures
/s/ Richard Monroe Cobb 03/01/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Disposed of pursuant to the Agreement and Plan of Merger between Yadkin Financial Corporation ("Yadkin") and issuer, dated October 12, 2015 (the "Merger Agreement"), pursuant to which issuer was merged with and into Yadkin, effective March 1, 2016 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of issuer common stock was exchanged for 0.50 shares of Yadkin common stock. As a result of the Merger, the reporting person no longer beneficially owns directly or indirectly any shares of issuer common stock.
( 2 )Pursuant to the Merger Agreement, each option to purchase shares of issuer's common stock (whether vested or unvested), which was outstanding and unexercised immediately prior to the effective time of the Merger, automatically became fully vested and was assumed by Yadkin and converted into a stock option to purchase shares of Yadkin common stock, with the number of underlying shares and the exercise price determined under the Merger Agreement.
( 3 )This option was replaced with an option to purchase 1,500 shares of Yadkin common stock for $19.64 per share.
( 4 )Each restricted stock unit represents the contingent right to receive one share of issuer common stock upon vesting of the unit.
( 5 )These restricted stock units remained unvested at the effective time of the Merger and were converted into 1,538 restricted stock units of Yadkin common stock.
( 6 )These restricted stock units became fully vested at the effective time of the Merger and were converted into 1,365 restricted stock units of Yadkin common stock.

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