OCEANFIRST FINANCIAL CORP — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCEANFIRST FINANCIAL CORP (OCFC)
CIK: 0001004702
Period of Report: 2021-02-26

Reporting Person: ESTEP MICHELE B (EVP & CAO, OceanFirst Bank)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-26	Common Stock	A	16568	—	Acquired	75014	Direct
2021-02-26	Common Stock	A	13252	—	Acquired	88266	Direct
2021-02-26	Common Stock	D	1468	—	Disposed	86798	Direct
2021-02-26	Common Stock	D	2446	—	Disposed	84352	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1022	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$23.25	2021-03-01	Common Stock (3716.0)	3716	Direct
Stock Option (right to buy)	$15.34	2022-03-01	Common Stock (1771.0)	1771	Direct
Stock Option (right to buy)	$20.79	2025-03-26	Common Stock (7503.0)	7503	Direct
Stock Option (right to buy)	$22.69	2026-03-01	Common Stock (7875.0)	7875	Direct
Stock Option (right to buy)	$25.2	2029-03-01	Common Stock (50335.0)	50335	Direct
Stock Option (right to buy)	$20.44	2030-02-28	Common Stock (76790.0)	76790	Direct

Footnotes

F1: Restricted shares awarded. Such shares vest in four equal annual installments beginning on March 1, 2022. Total includes other restricted shares that vest in the future.

F2: Restricted shares awarded vest in four equal installments beginning on March 1, 2022 at approximately 67% or approximately 83% to 100% depending on the attainment of defined performance criteria for each of the calendar years ended 2021, 2022, 2023, and 2024, or are forfeited if threshold performance is not met. Total includes other unvested restricted shares that vest in the future.

F3: Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2019, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on each of March 1 of 2022, 2023, and 2024, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.

F4: Represents forfeiture of unvested performance-based restricted shares, originally awarded on February 28, 2020, for failure to satisfy performance conditions. Remaining shares earned under this award will vest on each of March 1 of 2022, 2023, 2024, and 2025, subject to the satisfaction of performance criteria. Total includes other unvested shares that vest in the future.

F5: This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).

F6: Options vest in five equal annual installments beginning on the date first exercisable.