4//SEC Filing
BANC OF CALIFORNIA, INC. 4
Accession 0001415889-16-005067
$BANCCIK 0001169770operating
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 7:31 PM ET
Size
12.8 KB
Accession
0001415889-16-005067
Insider Transaction Report
Form 4
Seabold Jeffrey T
Director
Transactions
- Exercise of In-Money
Class B Non-Voting Stock
2016-03-10$8.90/sh+130,000$1,157,000→ 167,355 total - Sale
Class B Non-Voting Stock
2016-03-10$15.16/sh−76,289$1,156,541→ 91,066 total - Exercise of In-Money
Warrant to purchase Class B Non-Voting Common Stock
2016-03-10−130,000→ 210,000 totalExercise: $8.90→ Class B Non-Voting Common Stock (340,000 underlying)
Holdings
- 143,782
Common Stock
- 100,000
Stock Option
Exercise: $13.10Exp: 2023-05-13→ Common Stock (100,000 underlying) - 16,713
Stock Option (Right to Purchase)
Exercise: $15.81From: 2012-06-27Exp: 2021-06-27→ Common Stock (16,713 underlying)
Footnotes (4)
- [F1]The exercise price of this warrant was subject to certain automatic adjustments in accordance with the terms of the warrant. Based on these automatic adjustments to the original $11.00 exercise price, it was determined that the exercise price for these warrants was $8.90 on the transaction date.
- [F2]Warrants exercised on a cashless basis, resulting in the Issuer withholding 76,289 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 53,711 shares.
- [F3]Warrants became exercisable as follows:(i) 130,000 shares became exercisable on April 1, 2011; (ii) 130,000 shares became exercisable on July 1, 2011; and (iii) 80,000 shares became exercisable on October 1, 2011. Shares are exercisable with respect to each vested tranche for five years after the tranche's vesting date.
- [F4]Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018.
Documents
Issuer
BANC OF CALIFORNIA, INC.
CIK 0001169770
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001169770
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 7:31 PM ET
- Size
- 12.8 KB