Home > Insider Trading > Filing (0001127602-11-020229)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1005409	Dime Community Bancshares Inc	DCOM	Savings Institution, Federally Chartered (6035)	113297463

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1237106	F Vincent Palagiano	209 Havemeyer Street Brooklyn NY 11211	Chairman And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2011-06-30	20,000	$10.91	676,480	No	4	X	Direct
Common Stock	Disposition	2011-06-30	20,000	$14.50	656,480	No	4	S	Direct
Common Stock	Acquisiton	2011-07-01	20,000	$10.91	676,480	No	4	X	Direct
Common Stock	Disposition	2011-07-01	20,000	$14.75	656,480	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	X	Direct
No	4	S	Direct
No	4	X	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2011-06-30	20,000	$0.00	20,000	$10.91
Common Stock	Stock Options (Right to Buy)	Disposition	2011-07-01	20,000	$0.00	20,000	$10.91

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
112,086	2002-11-21	2011-11-21	No	4	X	Direct
92,086	2002-11-21	2011-11-21	No	4	X	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	0	Indirect	401(k) Plan
Common Stock	316,323	Indirect	Bmp
Common Stock	56,897	Indirect	Esop
Common Stock	0	Indirect	Restricted Stock Award

Footnotes

This transaction was part of an authorized exercise of 20,000 options expiring in November 2011, and sale of the 20,000 exercised shares under a 10b5-1 selling plan executed by Mr. Palagiano on May 31, 2011. The transaction called for an exercise and sale only in the event a sale price of $14.50 could be met for the common stock. A portion of this transaction was completed on June 24, 2011, however, since the full 20,000 share exercise and sale was not completed until June 30, 2011, the shares sold on June 24, 2011 were temporarily funded from existing DCOM shares held in Mr. Palagiano's brokerage account, and his broker requested funding for the full 20,000 shares upon completing the authorized 20,000 share transaction on June 30, 2011. Since the instructions provided by Mr. Palagiano in his 10b5-1 plan clearly linked the exercise and sale, the full 20,000 share transaction is being reported as having occured on June 30, 2011.
This transaction was an exercise of 20,000 options expiring in November 2011, and sale of the 20,000 exercised shares (in the event that a sales price of $14.75 could be realized on DCOM stock), that was part of a 10b5-1 plan executed by Mr. Palagiano on May 31, 2011.