Carpenter Fund Manager GP, LLC 4
4 · PACIFIC MERCANTILE BANCORP · Filed Sep 14, 2018
Insider Transaction Report
Form 4
Carpenter Fund Manager GP, LLC
10% Owner
Transactions
- Sale
Common Stock
2018-09-14$8.25/sh−2,169,208$17,895,966→ 3,781,230 total(indirect: See footnote) - Sale
Series A Non-Voting Preferred Stock
2018-09-14$8.25/sh−1,467,155$12,104,029→ 0 total(indirect: See footnote) - Sale
Common Stock
2018-09-14$8.25/sh−3,781,230$31,195,148→ 0 total(indirect: See footnote) - Other
Common Stock
2018-09-14−1,467,155→ 5,950,438 total(indirect: See footnote) - Other
Series A Non-Voting Preferred Stock
2018-09-14+1,467,155→ 1,467,155 total(indirect: See footnote)
Footnotes (4)
- [F1]Held directly by Carpenter Community BancFund, LP and Carpenter Community BancFund-A, LP (the "Carpenter Funds") and beneficially owned by Carpenter Fund Manager GP, LLC (the "General Partner") as general partner of the Carpenter Funds. The General Partner disclaims beneficial ownership of the securities, except to the extent that the General Partner has a pecuniary interest, if any, in such funds.
- [F2]The Issuer entered into an Exchange Agreement with the Carpenter Funds pursuant to which the Carpenter Funds exchanged an aggregate of 1,467,155 shares of the Common Stock, on a one-for-one basis, for 1,467,155 shares of Series A Non-Voting Preferred Stock.
- [F3]The Carpenter Funds sold 1,467,155 shares of Series A Non-Voting Preferred Stock and 2,169,208 shares of Common Stock to Patriot Financial Partners III, L.P. pursuant to a stock purchase agreement in a privately negotiated transaction.
- [F4]The Carpenter Funds sold an aggregate of 3,781,230 shares of Common Stock to accredited investors pursuant to separate stock purchase agreements in privately negotiated transactions.