4//SEC Filing
PRIVATEBANCORP, INC 4
Accession 0001127602-17-021304
CIK 0000889936operating
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 4:17 PM ET
Size
12.3 KB
Accession
0001127602-17-021304
Insider Transaction Report
Form 4
BOBINS NORMAN
Director
Transactions
- Sale
Common Stock
2017-06-09$60.45/sh−29,383$1,776,202→ 55,971 total - Gift
Common Stock
2017-05-24−40,821→ 22,854 total - Gift
Common Stock
2017-05-18−26,025→ 63,675 total - Exercise/Conversion
Common Stock
2017-06-09$26.64/sh+62,500$1,665,000→ 85,354 total - Exercise/Conversion
Stock Option (Right to Buy)
2017-06-09−62,500→ 0 totalExercise: $26.64Exp: 2018-07-07→ Common Stock (62,500 underlying)
Footnotes (4)
- [F1]These shares were sold in connection with the stock option exercise reported on this form in order to pay the exercise price and related tax obligations upon exercise.
- [F2]Reflects the weighted average sales price of multiple transactions reported on this line. The shares were sold at prices that ranged from $60.31 to $60.52. Upon request of the SEC staff, the issuer or a security holder of the issuer, the reporting person will provide information regarding the number of shares sold at each separate price.
- [F3]Options were granted on July 7, 2008. One-half, or 50,000, of the stock options were subject to time-vesting requirements and vested in equal portions on each December 31 of the years 2008, 2009, and 2010. The remaining 50,000 stock options vested in equal portions over five years subject to the achievement of specific performance targets.
- [F4]Of the 100,000 options originally granted in 2008, 50,000 vested based on time-vesting requirements and 12,500 of the total 50,000 performance-vested options vested due to the reporting person remaining on the board through December 31, 2012, pursuant to the terms of the options providing for minimum vesting at 25%. The remaining 37,500 performance-vested options did not vest due to failure to achieve specific performance targets.
Documents
Issuer
PRIVATEBANCORP, INC
CIK 0000889936
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000889936
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 4:17 PM ET
- Size
- 12.3 KB