PRIVATEBANCORP, INC 4
4 · PRIVATEBANCORP, INC · Filed Jun 15, 2017
Insider Transaction Report
Form 4
Case Karen B.
President of CRE Banking
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2017-06-15−78,125→ 0 totalExercise: $26.10Exp: 2017-11-01→ Common Stock (78,125 underlying) - Exercise/Conversion
Common Stock
2017-06-15$26.10/sh+78,125$2,039,063→ 186,136 total - Sale
Common Stock
2017-06-15$60.17/sh−78,125$4,700,781→ 108,011 total
Footnotes (3)
- [F1]Reflects the weighted average sales price of multiple transactions reported on this line. The shares were sold at prices that ranged from $60.05 to $60.31. 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.
- [F2]Options were granted November 1, 2007. Fifty percent were scheduled to vest upon achievement of specific performance targets. The remaining 50% vested 20% every year on the anniversary of the date of grant and became fully vested after five years.
- [F3]Of the 125,000 options originally granted in 2007, 62,500 vested based on time-vesting requirements and 15,625 of the total 62,500 performance-vested options vested pursuant to the terms of the options providing for minimum vesting at 25%. The remaining 46,875 performance-vested options did not vest due to failure to achieve specific performance targets.