SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Tsimbinos Steven James

(Last) (First) (Middle)
110 WEST FRONT STREET

(Street)
RED BANK NJ 07701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
OCEANFIRST FINANCIAL CORP [ OCFC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP/Corp. Secretary
3. Date of Earliest Transaction (Month/Day/Year)
11/04/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 11/04/2020 P 300 A $14.585 73,966 D(1)
Series A Redeemable Preferred Stock(2) 1,000 D
Common Stock 3,721 I By ESOP(3)
Common Stock 5,392 I By 401(k)(3)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 (right to buy) $13.87 02/18/2012 02/18/2021 Common Stock 4,125 4,125 D
Stock Option (right to buy) $13.83 02/15/2013 02/15/2022 Common Stock 10,125 10,125 D
Stock Option (right to buy) $14.62 02/15/2014 02/15/2023 Common Stock 11,250 11,250 D
Stock Option $17.75 03/01/2015 03/19/2024 Common Stock 13,125 13,125 D
Stock Option (Right to Buy $17.37 03/01/2016 03/18/2025 Common Stock 13,125 13,125 D
Stock Option (right to buy) $17.28 03/01/2017 03/16/2026 Common Stock 15,000 15,000 D(4)
Stock Option (right to buy) $29.01 03/01/2018 03/15/2027 Common Stock 37,500 37,500 D(4)
Stock Option (right to buy) $27.4 03/01/2019 01/24/2028 Common Stock 12,915 12,915 D(4)
Stock Option (right to buy) $25.2 03/01/2020 03/01/2029 Common Stock 50,335 50,335 D(4)
Stock Option (right to buy) $20.44 03/01/2021 02/28/2030 Common Stock 76,790 76,790 D(4)
Explanation of Responses:
1. Total includes shares of restricted Common stock that have not yet vested.
2. The actual title of this share class is "Depository shares, each representing a 1/40th Interest in a share of its 7.00 % Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share".
3. This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
4. Options vest in five equal annual installments beginning on the date first exercisable.
Remarks:
/s/ Steven J. Tsimbinos 11/04/2020
** Signature of Reporting Person Date
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.