4//SEC Filing
Pimentel Richard Jr 4
Accession 0001140361-24-018418
CIK 0001051343other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 6:10 PM ET
Size
10.0 KB
Accession
0001140361-24-018418
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Common Stock
2024-04-01$15.71/sh−600$9,426→ 0 total - Disposition to Issuer
Stock Option
2024-04-01+20,000→ 0 totalExercise: $14.14From: 2023-01-27Exp: 2032-01-27→ Common Stock (20,000 underlying) - Disposition to Issuer
Restricted Stock Award
2024-04-01+2,400→ 0 totalExercise: $0.00From: 2024-04-01→ Common Stock (2,400 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of October 10, 2023 (the "Merger Agreement"), by and between Central Valley Community Bancorp ("Central Valley") and Community West Bancshares (the "Company"), providing for the Company to merge (the "Merger") with and into Central Valley with Central Valley being the surviving entity. The Merger became effective at 12:01 a.m. on April 1, 2024 (the "Effective Time"), at which time (i) each share of Company common stock, other than excluded shares and dissenting shares, was converted into the right to receive 0.79 of a share of common stock of Central Valley, with cash to be paid in lieu of any fractional shares of common stock of Central Valley (the "Merger Consideration"); (to be continued)
- [F2]and (iii) each outstanding unvested Company stock option automatically vested in full, and each outstanding stock option was substituted for a stock option issued by Central Valley for the right to receive a number of shares of Central Valley's common stock at an exercise price, both adjusted for the Merger Consideration. Based on the closing stock price of Central Valley as of March 28, 2024, or $19.89 per share of Central Valley common stock), the value of the Merger Consideration was $15.71 ($19.89 * $ 0.79). Also as of April 1, 2024, Central Valley changed its corporate name to Community West Bancshares
- [F3]Not applicable.
Documents
Issuer
COMMUNITY WEST BANCSHARES /
CIK 0001051343
Entity typeother
Related Parties
1- filerCIK 0001904194
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 6:10 PM ET
- Size
- 10.0 KB