4//SEC Filing
BANC OF CALIFORNIA, INC. 4
Accession 0001415889-15-002299
$BANCCIK 0001169770operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 7:25 PM ET
Size
15.8 KB
Accession
0001415889-15-002299
Insider Transaction Report
Form 4
Brownstein Chad T.
Director
Transactions
- Award
Common Stock
2015-07-01+5,091→ 29,201.755 total - Award
Common Stock
2015-07-01+1,818→ 34,292.755 total - Award
Stock Option
2015-07-01+2,808→ 2,808 totalExercise: $13.75Exp: 2025-07-01→ Common Stock (2,808 underlying) - Award
Stock Option
2015-07-01+2,808→ 5,616 totalExercise: $13.75Exp: 2025-07-01→ Common Stock (2,808 underlying) - Award
Common Stock
2015-07-01+3,273→ 32,474.755 total
Holdings
- 1,836
Stock Option
Exercise: $10.90Exp: 2024-07-01→ Common Stock (1,836 underlying)
Footnotes (7)
- [F1]Represents shares of restricted stock, which shares will vest annually in substantially equal installments over a five-year period beginning on the one-year anniversary of the grant date. In accordance with the Restricted Stock Agreement, by and between the Reporting Person and the Issuer, dated July 1, 2015 (the "Restricted Stock Agreement"), in the event the Reporting Person is subject to a Qualified Termination of Service (as defined in the Restricted Stock Agreement, a form of which was filed as exhibit 10.14G to the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2014), this award will automatically become fully vested.
- [F2]Shares issued to the Reporting Person as consideration for his service on the Issuer's Board of Directors, pursuant to the Issuer's 2013 Omnibus Incentive Plan.
- [F3]Shares issued to the Reporting Person as consideration for his service on the Board of Directors of Banc of California, N.A., a wholly owned subsidiary of the Issuer, pursuant to the Issuer's 2013 Omnibus Incentive Plan.
- [F4]Shares issued to the Reporting Person as consideration for his service as the lead independent director of the Palisades Group, LLC, a wholly owned subsidiary of the Issuer, pursuant to the Issuer's 2013 Omnibus Incentive Plan.
- [F5]Options will vest annually in substantially equal installments over a five-year period beginning on the one-year anniversary of the grant date. In accordance with the Non-Qualified Stock Option Agreement, by and between the Reporting Person and the Issuer (the "Option Agreement"), in the event the Reporting Person is subject to a Qualified Termination of Service (as defined in the Option Agreement, a form of which was filed as exhibit 10.14F to the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2014), this award will automatically become fully vested.
- [F6]Shares issued to the Reporting Person as consideration for his service on the Issuer's Board of Directors, pursuant to the Issuer's 2013 Omnibus Incentive Plan.
- [F7]Shares issued to the Reporting Person as consideration for his service on the Board of Directors of Banc of California, N.A., a wholly owned subsidiary of the Issuer, pursuant to the Issuer's 2013 Omnibus Incentive Plan.
Documents
Issuer
BANC OF CALIFORNIA, INC.
CIK 0001169770
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001169770
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 7:25 PM ET
- Size
- 15.8 KB