1. Name and Address of Reporting Person
SOUTHWAY, PETER
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
01/28/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
( ) Officer (give title below) ( ) Other (specify below)
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 01/24/2003 G -100 D $0.0000 216339 D
Common Stock 15619 I WIFE
Common Stock 0 I CO-TRUSTEE
FAMILY
FOUNDATION
Common Stock 1116 I WIFE-IRA
Common Stock 0 I 11/15/90
REST. STOCK
AWARD
Common Stock 0 I 3/17/92
RESTRICTED
STK. AWARD
Common Stock 0 I 3/16/93
RESTRICTED
STK. AWARD
Common Stock 0 I 2/15/94
RESTRICTED
STK. AWARD
Common Stock 0 I 03/16/93
QUAL. STK.
OPTION
Common Stock 0 I 02/15/94
QUAL. STK.
OPTION
Common Stock 0 I 02/28/95
NON-QUAL.
STK. OPTION
Common Stock 0 I 02/28/95
REST. STK.
AWARD
Common Stock / IRA 3777 D
401K 364 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 $12 02/20/2006 Common 5437 D
Option Stock
Stock $14.4 02/18/2007 Common 5358 D
Option Stock
Stock $17.6 02/12/2010 Common 6891 D
Option Stock
Stock $20 01/05/2009 Common 7236 D
Option Stock
Stock $20.8 02/09/2008 Common 18085 D
Option Stock
Stock $11.2 02/28/2005 Common 6348 I 02/28/9
Option Stock 5
NON-QUA
L. STK.
OPTION
Stock $20.8 02/09/2008 Common 5970 D
Appreciatio Stock
n Right
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ PETER SOUTHWAY
DATE
01/28/2003