BANC OF CALIFORNIA, INC. 4
4 · BANC OF CALIFORNIA, INC. · Filed Apr 5, 2016
Insider Transaction Report
Form 4
Seabold Jeffrey T
Director
Transactions
- Award
Common Stock
2016-04-01+28,572→ 170,627 total - Tax Payment
Common Stock
2016-04-01$17.50/sh−1,727$30,223→ 142,055 total
Holdings
- 91,066
Class B Non-Voting Stock
- 16,713
Stock Option (Right to Purchase)
Exercise: $15.81From: 2012-06-27Exp: 2021-06-27→ Common Stock (16,713 underlying) - 210,000
Warrant to purchase Class B Non-Voting Common Stock
Exercise: $11.00→ Class B Non-Voting Common Stock (210,000 underlying) - 100,000
Stock Option
Exercise: $13.10Exp: 2023-05-13→ Common Stock (100,000 underlying)
Footnotes (6)
- [F1]Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
- [F2]Represents grant of restricted stock. Shares will vest on the one-year anniversary of the grant date.
- [F3]Shares issued pursuant to the Issuer's 2013 Omnibus Incentive Plan. The Reporting Person did not provide, and the Issuer did not receive any consideration for the issuance of these shares.
- [F4]The exercise price of this warrant is 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 has been determined that the exercise price for these warrants was $8.90 per share as of March 31, 2016.
- [F5]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.
- [F6]Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018.