Steven James Tsimbinos Form 4 OCEANFIRST FINANCIAL / Steven James Tsimbinos ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Tsimbinos Steven James

(Last) (First) (Middle)

110 WEST FRONT STREET

(Street)

RED BANK NJ 07701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OCEANFIRST FINANCIAL CORP [ OCFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive VP/Corp. Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2021		M		4,125	A	$13.87	78,091	D(1)
Common Stock	02/09/2021		F		3,316	D	$20.54	74,775	D(1)
Common Stock								5,649	I	By 401(k)(2)
Common Stock								3,761	I	By ESOP(2)
Series A Redeemable Preferred Stock								1,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$13.87	02/09/2021		M			4,125	02/18/2012	02/18/2021	Common Stock	4,125	$0	0	D
Stock Option (right to buy)	$13.83							02/15/2013	02/15/2022	Common Stock	10,125		10,125	D
Stock Option (right to buy)	$14.62							02/15/2014	02/15/2023	Common Stock	11,250		11,250	D
Stock Option	$17.75							03/01/2015	03/19/2024	Common Stock	13,125		13,125	D
Stock Option (Right to Buy	$17.37							03/01/2016	03/18/2025	Common Stock	13,125		13,125	D
Stock Option (right to buy)	$17.28							03/01/2017	03/16/2026	Common Stock	15,000		15,000	D(3)
Stock Option (right to buy)	$29.01							03/01/2018	03/15/2027	Common Stock	37,500		37,500	D(3)
Stock Option (right to buy)	$27.4							03/01/2019	01/24/2028	Common Stock	12,915		12,915	D(3)
Stock Option (right to buy)	$25.2							03/01/2020	03/01/2029	Common Stock	50,335		50,335	D(3)
Stock Option (right to buy)	$20.44							03/01/2021	02/28/2030	Common Stock	76,790		76,790	D(3)

Explanation of Responses:

1. Total includes shares of restricted Common stock that have not yet vested.

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

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

Remarks:

	/s/ Steven J. Tsimbinos	02/10/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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