PACIFIC MERCANTILE BANCORP 4

4 · PACIFIC MERCANTILE BANCORP · Filed Feb 20, 2015

Form 4

Period: 2015-02-18

Director

Transactions

Holdings

Common Stock - Restricted
2,949
Common Stock Purchase Warrant
(indirect: See Footnote)
Exercise: $6.26Exp: 2016-04-20→ Common Stock (408,834 underlying)
408,834
Series B-2 Convertible 8.4% Noncumulative Preferred Stock
(indirect: See Footnote)
Exercise: $5.32→ Common Stock (695,489 underlying)
695,489

Footnotes (4)

[F1]Shares granted pursuant to restricted stock agreement, vesting over 12 months.
[F2]Excluding the shares reported on this Form 4, all such shares of common stock, Series B Stock and warrants are held by Carpenter Community Bancfund, LP and Carpenter Community Bancfund-A, LP, of which Carpenter Fund Manager GP, LLC is the General Partner. Edward J. Carpenter is a Managing Member of Carpenter Fund Manager GP, LLC and disclaims beneficial ownership of all such shares, except to the extent that Mr. Carpenter has a pecuniary interest in the General Partner.
[F3]The warrants are not currently exercisable and would only become exercisable if the Issuer completes an acquisition of an insured depository institution or its parent having assets of $250 million or more by merger, purchase of outstanding shares or the purchase and assumption of all or substantially all of its assets and liabilities.
[F4]The preferred stock is convertible at any time at the holder's election and has no expiration date.

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