UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 15, 2011
COLONIAL FINANCIAL SERVICES, INC.
(Exact name of Registrant as specified in its charter)
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Maryland
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001-34817
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90-0183739
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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2745 S. Delsea Drive, Vineland, New Jersey
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08360
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(Address of principal executive offices)
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(Zip Code)
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(856) 205-0058
Registrant's telephone number, including area code
Not Applicable
(Former Name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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On December 15, 2011, the Board of Directors of Colonial Financial Services, Inc. (the “Company”) granted stock options and restricted stock under its 2011 Equity Incentive Plan to its directors and certain of its officers, including its named executive officers. Grants will have an effective date of January 3, 2012. A total of 194,600 stock options and 91,790 shares of restricted stock were granted to directors and officers. 50% of all shares of restricted stock granted are “performance-based” shares of restricted stock. The performance measure is a $0.50 annual increase in tangible book value per share, as calculated in each individual’s award agreement.
The form of award agreements will be filed as exhibits to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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COLONIAL FINANCIAL SERVICES, INC.
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Date: December 21, 2011
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By:
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/s/ Edward J. Geletka
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Edward J. Geletka
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President and Chief Executive Officer
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