SC 13D/A 1 pbipschedule13damend5.htm PRUDENTIAL BANCORP, INC. SCHEDULE 13D AMENDMENT NO. 5 pbipschedule13damend3.htm

 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)

(Amendment No. 5)

PRUDENTIAL BANCORP, INC.
(Name of Issuer)

Common Stock, $0.01 Par Value
(Title of Class of Securities)

74431A101
(CUSIP Number)

LAWRENCE B. SEIDMAN
100 Lanidex Plaza, Suite 100
Parsippany, New Jersey 07054
(973) 952-0405

STEVE WOLOSKY, ESQ.
OLSHAN FROME WOLOSKY LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 9, 2020
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box .


 
CUSIP No. 74431A101
    


1
NAME OF REPORTING PERSONS
 
Seidman and Associates, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                                (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
  156,328
8
SHARED VOTING POWER
 
   - 0 -
9
SOLE DISPOSITIVE POWER
 
156,328
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                    
 
    156,328
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                                     
 
    1.92%
14
TYPE OF REPORTING PERSON
 
OO
 
 

 
 
CUSIP No. 74431A101
    


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
   122,037
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
   122,037
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 122,037
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 1.50%
14
TYPE OF REPORTING PERSON
 
PN
 

 

 
CUSIP No. 74431A101
    


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership II, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
   171,234
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
  171,234
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
   171,234
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
   2.10%
14
TYPE OF REPORTING PERSON
 
PN


 
 
CUSIP No. 74431A101
    


1
NAME OF REPORTING PERSONS
 
Seidman Investment Partnership III, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
25,708
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
    25,708
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
25,708
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.32%
14
TYPE OF REPORTING PERSON
 
PN

 

 
 
CUSIP No. 74431A101
    


1
NAME OF REPORTING PERSONS
 
LSBK06-08, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                                 (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
    WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Florida
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
82,872
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
          
    82,872
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
82,872
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.02%
14
TYPE OF REPORTING PERSON
 
      OO


 
CUSIP No. 74431A101
    


1
NAME OF REPORTING PERSONS
 
Broad Park Investors, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                           (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
99,768
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
99,768
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
99,768
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.23%
14
TYPE OF REPORTING PERSON
 
OO
 
 
 
 
CUSIP No. 74431A101
    
 


1
NAME OF REPORTING PERSONS
 
Chewy Gooey Cookies, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                           (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
21,719
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
21,719
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
21,719
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.27%
14
TYPE OF REPORTING PERSON
 
PN
 
 
CUSIP No. 74431A101
    
 


1
NAME OF REPORTING PERSONS
 
CBPS, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) x
                           (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
- 0 -
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
- 0 -
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
- 0 -
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.00%
14
TYPE OF REPORTING PERSON
 
OO

 

CUSIP No. 74431A101
    


1
NAME OF REPORTING PERSONS
 
Veteri Place Corporation
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
   376,143
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
376,143
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
376,143
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
   4.62%
14
TYPE OF REPORTING PERSON
 
CO
 
 
CUSIP No. 74431A101
 


1
NAME OF REPORTING PERSONS
 
    JBRC I, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*     (a) x
                          (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New Jersey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
   25,708
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
25,708
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
   25,708
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.32%
14
TYPE OF REPORTING PERSON
 
    OO
 
 
 
CUSIP No. 74431A101

1
NAME OF REPORTING PERSONS
 
    Sonia Seidman
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                         (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
    OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
32,000
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
32,000
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
32,000
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.39%
14
TYPE OF REPORTING PERSON
 
IN

 

CUSIP No. 74431A101


1
NAME OF REPORTING PERSONS
 
Lawrence B. Seidman
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) x
                         (b)
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
    OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
 
711,666
8
SHARED VOTING POWER
 
- 0 -
9
SOLE DISPOSITIVE POWER
 
711,666
10
SHARED DISPOSITIVE POWER
 
- 0 -
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
711,666
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
   8.74%
14
TYPE OF REPORTING PERSON
 
IN

 

 
The following constitutes Amendment No. 5 to the Schedule 13D filed by the undersigned ("Amendment No. 5").  This Amendment No. 5 amends the Schedule 13D as specifically set forth.
  
Item 2.
Identity and Background.
 
Item 2 is is hereby amended to add the following:
 
(a-c)    All Shares of the Issuer owned by CBPS were sold on December 9, 2020.  Therefore, CBPS is no longer a member of the Section 13(d) group and shall cease to be a Reporting Person immediately upon the filing of this Amendment No. 5.  
 
Item 3.
Source and Amount of Funds or Other Consideration.
 
Item 3 is hereby amended and restated to read as follows:
 
The Shares purchased by the Reporting Persons who will remain Reporting Persons after the filing of this Amendment No. 5 were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases (unless otherwise noted), as set forth in Schedule B, which is incorporated by reference herein.  The aggregate purchase cost of the 711,666 Shares beneficially owned in the aggregate by such Reporting Persons  is approximately $8,750,997, including brokerage commissions.
  
Item 5.
Interest in Securities of the Issuer.
 
Item 5 is hereby amended and restated to read as follows:
 
The aggregate percentage of Shares reported owned by each Reporting Person is based upon 8,138,675 Shares outstanding, which is the total number of Shares outstanding on September 30, 2020, as reported in the Issuer's Earnings Release filed with the Securities and Exchange Commission on November 16, 2020.
 
 
A.  
SAL
 
(a)  
As of the close of business on December 9, 2020, SAL beneficially owned 156,328 Shares.
 
       Percentage: Approximately 1.92%.
 
(b)  
1. Sole power to vote or direct the vote: 156,328
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 156,328
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transaction in the Shares by SAL during the past 60 days is set forth in Schedule B and are incorporated herein by reference.
 
 
B.  
SIP
 
(a)  
As of the close of business on December 9, 2020, SIP beneficially owned 122,037 Shares.
 
                               Percentage: Approximately 1.50%.
 
(b)  
1. Sole power to vote or direct the vote: 122,037
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 122,037
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transaction in the Shares by SIP during the past 60 days is set forth in Schedule B and are incorporated herein by reference.
 
 CUSIP No. 74431A101


C.  
SIPII
 
(a)  
As of the close of business on December 9, 2020, SIPII beneficially owned 171,234 Shares.
 
Percentage: Approximately 2.10%.
 
(b)  
1. Sole power to vote or direct the vote: 171,234
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 171,234
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transaction in the Shares by SIPII during the past 60 days is set forth in Schedule B and are incorporated herein by reference.

 
D.  
SIPIII
 
(a)  
As of the close of business on December 9, 2020, SIPIII beneficially owned 25,708 Shares.
 
Percentage: Approximately 0.32%.
 
(b)  
1. Sole power to vote or direct the vote: 25,708
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 25,708
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transaction in the Shares by SIPIII during the past 60 days is set forth in Schedule B and are incorporated herein by reference.
 
 
E.  
LSBK
 
(a)  
As of the close of business on December 9, 2020, LSBK beneficially owned 82,872 Shares.
 
Percentage: Approximately 1.02%.
 
(b)  
1. Sole power to vote or direct the vote: 82,872
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 82,872
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transaction in the Shares by LSBK during the past 60 days is set forth in Schedule B and are incorporated herein by reference.
 

CUSIP No. 74431A101

 
F.  
Broad Park
 
(a)  
As of the close of business on December 9, 2020, Broad Park beneficially owned 99,768 Shares.
 
Percentage: Approximately 1.23%.
 
(b)  
1. Sole power to vote or direct the vote: 99,768
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 99,768
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transaction in the Shares by Broad Park during the past 60 days is set forth in Schedule B and are incorporated herein by reference.
  
 
G.  
Chewy
 
(a)  
As of the close of business on December 9, 2020, Chewy beneficially owned 21,719 Shares.
 
Percentage: Approximately 0.27%.
 
(b)  
1. Sole power to vote or direct the vote: 21,719
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 21,719
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transaction in the Shares by Chewy during the past 60 days is set forth in Schedule B and are incorporated herein by reference.
 
 
H.  
CBPS
 
(a)  
As of the close of business on December 9, 2020, CBPS beneficially owned 0 Shares.
 
Percentage: Approximately 0.00%.
 
(b)  
1. Sole power to vote or direct the vote: 0
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 0
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
The transactions in the Shares by CBPS during the past 60 days are set forth in Schedule B and are incorporated herein by reference.  CBPS will cease to be a Reporting Person immediately upon filing of this Amendment No. 5.

 
CUSIP No. 74431A101
 
 
I.  
Veteri
 
(a)  
Veteri, (i) as the corporate general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 122,037 Shares owned by SIP and the 171,234 Shares owned by SIPII, and (ii) as the Trading Advisor of LSBK and CBPS, may be deemed the beneficial owner of the 82,872 Shares owned by LSBK and the 0 Shares owned by CBPS.  Accordingly, Veteri may be deemed the beneficial owner of an aggregate of 376,143 Shares.
 
Percentage: Approximately 4.62%.
 
(b)  
1. Sole power to vote or direct the vote: 376,143
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 376,143
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Veteri has not entered into any transactions in the Shares during the past 60 days.  
 

J. 
JBRC
 
(a)  
JBRC, as the co-general partner of SIPIII, may be deemed the beneficial owner of the 25,708 Shares owned by SIPIII.
 
Percentage: Approximately 0.32%.
 
(b)  
1. Sole power to vote or direct the vote: 25,708
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 25,708
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
JBRC has not entered into any transactions in the Shares during the past 60 days.  
 

K.  
Sonia Seidman
 
(a)  
As of the close of business on December 9, 2020, Sonia Seidman beneficially owned 32,000 Shares.
 
Percentage: Approximately 0.39%.
 
(b)  
1. Sole power to vote or direct the vote: 32,000
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 32,000
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Sonia Seidman has not entered into any transactions in the Shares during the past 60 days. 
 
CUSIP No. 74431A101
 
L.  
Seidman
 
(a)  
Seidman, (i) as the manager of SAL, may be deemed the beneficial owner of the 156,328 Shares owned by SAL, (ii) as the sole officer of Veteri, the corporate general partner of each of SIP and SIPII, may be deemed the beneficial owner of the 122,037 Shares owned by SIP and the 171,234 Shares owned by SIPII, (iii) as the managing member of JBRC I, LLC, the co-general partner of SIPIII, may be deemed the beneficial owner of the 25,708 Shares owned by SIPIII, (iv) as the sole officer of Veteri, the Trading Advisor of LSBK and CBPS, may be deemed the beneficial owner of the 82,872 Shares owned by LSBK and the 0 Shares owned by CBPS, (v) as the investment manager for each of Broad Park and Chewy, may be deemed the beneficial owner of the 99,768 Shares owned by Broad Park and the 21,719 Shares owned by Chewy, and (vi) as the husband of Sonia Seidman, may be deemed the beneficial owner of the 32,000 Shares owned by Sonia Seidman.  Accordingly, Seidman may be deemed the beneficial owner of an aggregate of 711,666 Shares.  In the foregoing capacities, Seidman has sole and exclusive investment discretion and voting authority with respect to all such Shares.
 
Percentage: Approximately 8.74%.
 
(b)  
1. Sole power to vote or direct the vote: 711,666
 
2. Shared power to vote or direct the vote: 0
 
3. Sole power to dispose or direct the disposition: 711,666
 
4. Shared power to dispose or direct the disposition: 0
 
(c)  
Seidman has not entered into any transactions in the Shares during the past 60 days.

 
        An aggregate of 711,666 Shares, constituting approximately 8.74% of the Shares outstanding, are reported
        by the Reporting Persons in this statement.
 
Each of the Reporting Persons, as a member of a “group” with the other Reporting Persons for purposes of Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), may be deemed to beneficially own the Shares owned by the other Reporting Persons.  The filing of this Schedule 13D shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 13(d) of the Exchange Act, the beneficial owner of any Shares he or it does not directly own.  Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that he or it does not directly own.
 
To the best of the Reporting Persons’ knowledge, except as set forth in this Schedule 13D, none of the persons listed on Schedule A to the Schedule 13D beneficially owns any securities of the Issuer.
 
(d)  
No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
 
(e)  
Not applicable.
 
 
Item 6.
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
 
Item 6 is hereby amended to add the following:
 
On December 9, 2020, the Reporting Persons who will remain Reporting Persons after the filing of this Amendment No. 5 entered into a Joint Filing Agreement in which such Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law.  A copy of this agreement is attached as Exhibit 99.3 hereto and is incorporated herein by reference.
 
 
Item 7.
Material to be Filed as Exhibits.
 
Item 7 is hereby amended to add the following exhibit:
     
   
 
        99.3 Joint Filing Agreement, dated December 9, 2020, by and among SAL, SIP, SIPII, SIPIII, LSBK, Broad Park, Chewy, Veteri, JBRC, Seidman and Sonia Seidman.
 
 
Signature Page to Prudential Bancorp Inc. Schedule 13D Amendment No. 5


SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:          December 10, 2020
SEIDMAN AND ASSOCIATES, L.L.C.
   
   
 
By:
 /ss/ Lawrence B. Seidman 
   
Lawrence B. Seidman
Manager


 
SEIDMAN INVESTMENT PARTNERSHIP, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
SEIDMAN INVESTMENT PARTNERSHIP II, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President
 
 
 
SEIDMAN INVESTMENT PARTNERSHIP III, L.P.
     
 
By:
JBRC I, LLC its
     Co-General Partner
   
   
 
By:
   /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Managing Member

 
 
LSBK06-08, L.L.C.
   
  By:
Veteri Place Corporation, its
Trading Advisor 
     
     
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President

 
 
BROAD PARK INVESTORS, L.L.C.
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager
 
 
 
CHEWY GOOEY COOKIES, L.P.
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager
 
 
 
CBPS, LLC
   
  By:
Veteri Place Corporation, its
Trading Advisor 
     
     
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President

 
 
VETERI PLACE CORPORATION
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
JBRC I, LLC
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Managing Member
 
 
   /ss/ Sonia Seidman
 
SONIA SEIDMAN
 
 
   /ss/ Lawrence B. Seidman
 
LAWRENCE B. SEIDMAN
 
      
CUSIP No. 74431A101
 
 
 
SCHEDULE B
 
Transacions in the Shares During the Past 60 Days
 
 
 
Entity
Transaction Date
Per
Share*
Sales Proceeds*
Shares Sold
SAL
 11/30/2020
 12.99
 36,041.19
 2,774
         
SIP  11/30/2020  12.99 22,001.51
1,694
         
SIPII
 11/30/2020
 12.98
 15,969.64
 1,230
 



SIPIII
 11/30/2020
 12.93
 3,567.92
 276
 



LSBK
 11/30/2020
 12.99
 20,350.54
 1,576
 



Broad Park
 11/30/2020
 12.99
 23,431.47
 1,804
 



Chewy
 11/30/2020
 12.94
 4,243.90
 328
         
CBPS
 11/30/2020
 12.94
 4,230.90
 327
CBPS
 12/9/2020
 14.01
 1,286,223.58
 91,811

 
*Includes brokerage commission.
 
 
CUSIP No. 74431A101
Exhibit 99.3

JOINT FILING AGREEMENT
 
 In accordance with Rule 13d-1(k)(l)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Prudential Bancorp Inc.  This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
 
Dated:          December 9, 2020
SEIDMAN AND ASSOCIATES, L.L.C.
   
   
 
By:
 /ss/ Lawrence B. Seidman 
   
Lawrence B. Seidman
Manager


 
SEIDMAN INVESTMENT PARTNERSHIP, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
SEIDMAN INVESTMENT PARTNERSHIP II, L.P.
   
 
By:
Veteri Place Corporation, its
General Partner
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President
 
 
 
SEIDMAN INVESTMENT PARTNERSHIP III, L.P.
     
 
By:
JBRC I, LLC its
     Co-General Partner
   
   
 
By:
   /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Managing Member
 
 
 
LSBK06-08, L.L.C.
   
  By:
Veteri Place Corporation, its
Trading Advisor 
     
     
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President

 
 
BROAD PARK INVESTORS, L.L.C.
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager
 
CHEWY GOOEY COOKIES, L.P.
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Investment Manager
 

 
VETERI PLACE CORPORATION
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
President


 
JBRC I, LLC
   
   
 
By:
  /ss/ Lawrence B. Seidman
   
Lawrence B. Seidman
Managing Member
 
 
   /ss/ Sonia Seidman
 
SONIA SEIDMAN

 
   /ss/ Lawrence B. Seidman
 
LAWRENCE B. SEIDMAN