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: Lebel Joseph III (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-26	Common Stock	A	25312	—	Acquired	119587	Direct
2021-02-26	Common Stock	A	30372	—	Acquired	149959	Direct
2021-02-26	Common Stock	D	5718	—	Disposed	144241	Direct
2021-02-26	Common Stock	D	2500	—	Disposed	141741	Direct
2021-02-26	Common Stock	D	4892	—	Disposed	136849	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10063	Indirect
Common Stock	10610	Indirect
Common Stock	746	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$14.55	2023-06-17	Common Stock (11250.0)	11250	Direct
Stock Option (right to buy)	$17.75	2024-03-19	Common Stock (4875.0)	4875	Direct
Stock Option (right to buy)	$17.37	2025-03-18	Common Stock (30000.0)	30000	Direct
Stock Option (right to buy)	$17.28	2026-03-16	Common Stock (37500.0)	37500	Direct
Stock Option (right to buy)	$29.01	2027-03-15	Common Stock (45000.0)	45000	Direct
Stock Option (right to buy)	$27.4	2028-01-24	Common Stock (15485.0)	15485	Direct
Stock Option (right to buy)	$25.2	2029-03-01	Common Stock (100670.0)	100670	Direct
Stock Option (right to buy)	$20.44	2030-02-28	Common Stock (153585.0)	153585	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 January 24, 2018, for failure to satisfy performance conditions. Total includes other unvested restricted shares that vest in the future.

F4: 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.

F5: 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.

F6: This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).

F7: This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16a-11.

F8: Options vest in five equal annual installments beginning on the date first exercisable.