Filing Details

Accession Number:
0001127602-10-004081
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-02-10 12:00:00
Reporting Period:
2010-02-08
Filing Date:
2010-02-10
Accepted Time:
2010-02-10 10:42:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
714310 Valley National Bancorp VLY National Commercial Banks (6021) 222477875
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1169958 H Gerald Lipkin 1455 Valley Road
Wayne NJ 07470-
Chairman, President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2010-02-08 1,021 $13.15 244,879 No 4 F Direct
Common Stock Disposition 2010-02-08 16,900 $13.31 227,979 No 4 S Direct
Common Stock Disposition 2010-02-09 47,100 $13.30 180,879 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 6,000 Indirect Spouse - Roth IRA
Common Stock 185,559 Indirect Wife
Common Stock (401K Plan) 2,755 Direct
Common Stock (Roth Ira) 50,610 Direct
Common Stock (With Spouse) 134 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Option/NQ $18.97 2002-02-15 2012-02-15 26,628 26,628 Direct
Common Stock Stock Options $18.97 2002-02-15 2012-02-15 1,514 1,514 Direct
Common Stock Stock Options $18.23 2004-03-01 2013-03-01 9,849 9,849 Direct
Common Stock Stock Options $20.95 2005-02-26 2014-02-26 26,803 26,803 Direct
Common Stock Stock Options $20.99 2006-02-08 2015-02-08 25,527 25,527 Direct
Common Stock Stock Options $19.94 2007-02-15 2016-02-15 30,388 30,388 Direct
Common Stock Stock Options $22.41 2008-02-13 2017-02-13 40,517 40,517 Direct
Common Stock Stock Options $16.96 2009-02-12 2018-02-12 38,587 38,587 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2012-02-15 26,628 26,628 Direct
2012-02-15 1,514 1,514 Direct
2013-03-01 9,849 9,849 Direct
2014-02-26 26,803 26,803 Direct
2015-02-08 25,527 25,527 Direct
2016-02-15 30,388 30,388 Direct
2017-02-13 40,517 40,517 Direct
2018-02-12 38,587 38,587 Direct
Footnotes
  1. This sale of Valley common stock was of shares held in personal accounts by either Mr. Lipkin or his wife. Recently, Mr. Lipkin authorized the custodian for his and his wife's recently opened Roth 401K accounts to purchase in the open market Valley common shares as part of the assets in the account. As part of his financial planning, the reporting person developed a program to buy shares in the Roth 401(k) without increasing his and his wife's overall ownership of Valley common shares, and these personally held shares were sold to bring the level of overall ownership back closer to previous levels. All personal shares were sold at a price lower than any shares recently purchased in the Roth 401(k) accounts by either Mr. Lipkin or his wife to avoid a short swing profit issue
  2. Holdings under the Valley 401K Plan has been updated to reflect reporting officer's balance in the Plan.