Givans Scott A. 4
4 · PACIFIC CAPITAL BANCORP /CA/ · Filed Mar 15, 2012
Insider Transaction Report
Form 4
Givans Scott A.
Chief Credit Officer
Transactions
- Award
Performance Stock Option
2011-07-01$31.46/sh+2,516$79,153→ 2,516 totalFrom: 2013-07-01Exp: 2014-07-01→ Common stock (2,516 underlying) - Award
Restricted Stock Unit
2011-07-01$31.46/sh+3,806$119,737→ 3,806 totalFrom: 2013-07-01Exp: 2014-07-01→ Common stock (3,806 underlying)
Holdings
- 1,359
Common stock
Footnotes (2)
- [F1]On July 1, 2011, the reporting person was granted an option to purchase shares of common stock. The option was subject to vesting based on the satisfaction by Pacific Capital Bancorp of certain performance criteria for the year ending December 31, 2011. The Compensation Oversight Committee of the Board of Directors determined on March 13, 2012 that such performance criteria were satisfied. The option will now vest in two equal installments, with fifty percent (50%) vesting on July 1, 2013 and fifty percent (50%) vesting on July 1, 2014.
- [F2]On July 1, 2011, the reporting person was granted restricted stock units. Each restricted stock unit represents the contingent right to receive one share of Pacific Capital Bancorp common stock. The restricted stock units were subject to vesting based on the satisfaction by Pacific Capital Bancorp of certain performance criteria for the year ending December 31, 2011. The Compensation Oversight Committee of the Board of Directors determined on March 13, 2012 that such performance criteria were satisfied. The restricted stock units will now vest in two equal installments, with fifty percent (50%) vesting on July 1, 2013 and fifty percent (50%) vesting on July 1, 2014.