1. Name and Address of Reporting Person
CROCITTO, PETER P.
1455 VALLEY ROAD
WAYNE, NJ 07470-
2. Issuer Name and Ticker or Trading Symbol
VALLEY NATIONAL BANCORP (VLY)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
11/20/2002
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
EXECUTIVE VICE PRESIDENT
7. 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 |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 11/18/2002 A 4000 A $0.0000 72746 D
Common Stock 114 I WIFE
Common Stock 1181 I CUSTODIAN/CHI
LD
Common Stock 0 I 11/19/91
REST. STK.
AWARD
Common Stock 0 I 11/27/92
REST. STK.
AWARD
Common Stock 0 I 10/29/93
REST. STK.
AWARD
Common Stock 0 I 11/08/94
REST. STK.
AWARD
Common Stock 43 I CUSTODIAN/CHI
LD
Common Stock 559 I CUSTODIAN
CHILD
COMMON STK. 9970 D
COMMON STOCK 350 I CUSTODIAN/CHI
LD
401K 766 D
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $11.2 10/29/2003 Common 2.5 D
Option Stock
Stock $13.6 11/07/2006 Common 10245 D
Option Stock
Stock $18.4 11/18/2007 Common 18086 D
Option Stock
Stock $18.4 10/23/2008 Common 14470 D
Option Stock
Stock $18.4 11/23/2009 Common 13782 D
Option Stock
Stock $21.6 11/28/2010 Common 14437 D
Option Stock
Stock $25.17 11/27/2011 Common 4275 D
Option Stock
Stock $26.33 11/18/2 A 12000 11/18/2003 11/18/2012 Common 12000 $26.3300 12000 D
Option 002 Stock
STOCK $25.17 11/27/2011 Common 9475 D
OPTION/NQ Stock
Explanation of Responses:
Restricted grant under Valley's Stock Option Plan, awarded in five vesting
periods beginning one year from date of grant.
Granted under Valley's Stock Option Plan, exercisable in five equal installments
beginning one year from the grant date.
SIGNATURE OF REPORTING PERSON
/s/ PETER P. CROCITTO
DATE
11/20/2002