Robert F. Mangano - Jan 6, 2022 Form 4 Insider Report for 1ST CONSTITUTION BANCORP (FCCY)

Role
Former President and CEO, Director
Signature
/s/ Robert F. Mangano
Stock symbol
FCCY
Transactions as of
Jan 6, 2022
Transactions value $
-$234,603
Form type
4
Date filed
1/10/2022, 07:20 PM
Previous filing
Sep 21, 2021
Next filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCCY Common Stock Tax liability -$235K -8.44K -1.48% $27.79 564K Jan 6, 2022 Direct F1, F2
transaction FCCY Common Stock Disposed to Issuer -564K -100% 0 Jan 6, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robert F. Mangano is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of common stock withheld by 1st Constitution Bancorp ("Issuer") to satisfy the Reporting Person's tax withholding obligations upon the vesting of restricted stock in connection with the merger of Issuer with and into Lakeland Bancorp Inc. ("Lakeland"), pursuant to the Agreement and Plan of Merger, dated as of July 11, 2021, by and between Issuer and Lakeland (the "Merger Agreement").
F2 Reflects one additional share of Issuer common stock that was inadvertently omitted from the Reporting Person's prior filings.
F3 Represents shares of Issuer common stock and restricted stock that converted into and became exchangeable pursuant to the Merger Agreement for the right to receive 1.3577 shares of Lakeland common stock having a market value of $21.73 per share on the effective date of the merger.