Wirfel Michelle 4

Accession 0000950170-24-088721

CIK 0001752036other

Filed

Jul 30, 8:00 PM ET

Accepted

Jul 31, 5:24 PM ET

Size

24.8 KB

Accession

0000950170-24-088721

Form 4

Period: 2024-07-31

SEVP and Chief Banking Officer

Transactions

Disposition to Issuer
Common Stock
2024-07-31−29,057→ 0 total
Disposition to Issuer
Stock option (right to buy)
2024-07-31−5,250→ 0 total
Exercise: $11.42Exp: 2024-09-18→ Common Stock (5,250 underlying)
Disposition to Issuer
Stock option (right to buy)
2024-07-31−5,500→ 0 total
Exercise: $23.04Exp: 2032-04-12→ Common Stock (5,500 underlying)
Disposition to Issuer
Stock option (right to buy)
2024-07-31−5,500→ 0 total
Exercise: $25.33Exp: 2033-04-16→ Common Stock (5,500 underlying)
Disposition to Issuer
Stock option (right to buy)
2024-07-31−2,100→ 0 total
Exercise: $13.19Exp: 2025-09-17→ Common Stock (2,100 underlying)
Disposition to Issuer
Stock option (right to buy)
2024-07-31−5,500→ 0 total
Exercise: $18.17Exp: 2031-03-08→ Common Stock (5,500 underlying)
Disposition to Issuer
Stock option (right to buy)
2024-07-31−26,069→ 0 total
Exercise: $21.35Exp: 2018-06-21→ Common Stock (26,069 underlying)
Disposition to Issuer
Stock option (right to buy)
2024-07-31−5,500→ 0 total
Exercise: $11.50Exp: 2030-03-19→ Common Stock (5,500 underlying)
Disposition to Issuer
Stock option (right to buy)
2024-07-31−2,625→ 0 total
Exercise: $12.57Exp: 2025-05-25→ Common Stock (2,625 underlying)
Disposition to Issuer
Stock option (right to buy)
2024-07-31−1,431→ 0 total
Exercise: $21.35Exp: 2028-06-21→ Common Stock (1,431 underlying)

Footnotes (4)

[F1]Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated January 31, 2024 (the "Merger Agreement"), by and between the Issuer and Southern California Bancorp ("BCAL"). Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each share of Issuer common stock converted into the right to receive 1.590 shares of BCAL common stock (the "Exchange Ratio"), with cash paid in lieu of fractional shares. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.
[F2]Includes restricted stock units with respect to 14,240 shares of the Issuer's common stock. Pursuant to the Merger Agreement, at the effective time of the merger, the restricted stock units were assumed by BCAL and converted into a restricted stock units with respect to a number of shares of BCAL common stock equal to the number of issuer shares underlying the restricted stock unit multiplied by the Exchange Ratio.
[F3]This total amount corrects an administrative error in the total amount reported in previous filings. No reportable transaction was omitted from previously filings.
[F4]Pursuant to the Merger Agreement, at the effective time of the merger, each of the reporting person's stock options was converted in to the right to receive the amount, if any, by which the option's exercise price exceeds $22.98 (the value of the per share merger consideration), less required tax withholdings.

Documents

1 file

California BanCorp

CIK 0001752036

Entity typeother