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ABNJ > SEC Filings for ABNJ > Form 8-K on 22-Oct-2008All Recent SEC Filings

Show all filings for AMERICAN BANCORP OF NEW JERSEY INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for AMERICAN BANCORP OF NEW JERSEY INC


22-Oct-2008

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

American Bancorp of New Jersey, Inc. (the "Company") acknowledges the filing of a Form 4 with the Securities and Exchange Commission by James H. Ward, III, Vice Chairman of the Board of Directors of the Company, with respect to the sale of 11,935 shares of Company common stock. The Company has been advised by Mr. Ward that the shares had been pledged as collateral for a loan and were sold by Mr. Ward's broker, pursuant to the terms of his margin account.

The Company has been advised by Mr. Ward that the account from which these shares of Company common stock were pledged had a total of 41,108 shares of Company common stock with an approximate market value of $371,000. The sale of the shares repaid all of Mr. Ward's margin loan which had a total outstanding balance of approximately $107,000. The Company notes that after giving effect to the sale of these shares, Mr. Ward still owns 222,903 shares of Company common stock and has options to purchase 76,055 shares of Company common stock, none of which are subject to any margin agreement.



Item 9.01. Financial Statements and Exhibits.

(a) Not Applicable.

(b) Not Applicable.

(c) Not Applicable.

(d) Exhibits. None

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