Bidwell H. Gerald 4
4 · PACIFIC CAPITAL BANCORP /CA/ · Filed May 13, 2011
Insider Transaction Report
Form 4
Bidwell H. Gerald
Director
Transactions
- Award
Common stock
2011-05-11$30.84/sh+1,459$44,996→ 9,815.51 total
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 2011 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.