BIRCH EDWARD E 4
4 · PACIFIC CAPITAL BANCORP /CA/ · Filed May 3, 2010
Insider Transaction Report
Form 4
BIRCH EDWARD E
DirectorOther
Transactions
- Award
Common stock
2010-04-29$2.19/sh+20,548$45,000→ 34,817 total
Holdings
- 40,500(indirect: By Trust)
Common stock
Footnotes (1)
- [F1]Pursuant to the Company's compensation policy for non-employee directors, the reporting individual received a restricted stock award valued at $45,000 following his/her election at the Company's 2010 Annual Shareholders' Meeting. The amount represents approximately 50% of the non-employee director's total compensation package, and the fair market value is the closing stock price on grant date. The restricted shares are subject to certain forfeiture provisions and vest one year from date of grant.