EASLEY ROGER 4

4 · BAY VIEW CAPITAL CORP · Filed Apr 14, 2004

Form 4

Period: 2004-04-12

Director

Transactions

Exercise/Conversion
Phantom Stock
2004-04-12−27,220.47→ 0 total
→ BVC (27,220.47 underlying)
Exercise/Conversion
Bay View Capital Corporation (BVC)
2004-04-12+27,220→ 27,220.47 total(indirect: By Trust)

Holdings

Footnotes (1)

[F1]Between 1996 and 11/02, the company adopted the stock in lieu of cash plan which provided for the deferral of director fees earned by non-employee directors in the form of stock units (phantom) that were credited to accounts mainained for the non-employee directors. In January, 2003, the Compensation and Benefits Committee of the Board aproved the transfer of the administraiton of the stock in lieu of cash plan to a trustee and amended the plan to provide that the company may facilitate the ssettlement of the stock unit accounts by delivering shares of the company's common stock to the trustee to be held subject to the terms of the trust, to be held and maintained by or on behalf of the company in the same manner as are stock units in the stock unit accounts. In order to facilitate a more efficient manner of distribution of the units in accordance with the plan, it was deemed in the best interests to convert the phantom stock units to equalivant shares of the company.

Documents

2 files