BANC OF CALIFORNIA, INC. 4
4 · BANC OF CALIFORNIA, INC. · Filed Jul 6, 2016
Insider Transaction Report
Form 4
Seabold Jeffrey T
Director
Transactions
- Sale
Class B Non-Voting Stock
2016-06-17$19.40/sh−59,225$1,148,965→ 161,841 total - Exercise of In-Money
Class B Non-Voting Stock
2016-06-17$8.84/sh+130,000$1,149,200→ 221,066 total - Exercise of In-Money
Warrant to purchase Class B Non-Voting Common Stock
2016-06-17−130,000→ 80,000 totalExercise: $8.84→ Class B Non-Voting Common Stock (210,000 underlying)
Holdings
- 170,627
Common Stock
- 16,713
Stock Option (Right to Purchase)
Exercise: $15.81From: 2012-06-27Exp: 2021-06-27→ Common Stock (16,713 underlying) - 100,000
Stock Option
Exercise: $13.10Exp: 2023-05-13→ Common Stock (100,000 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 $8.84 on the transaction date.
- [F2]Warrants exercised on a cashless basis, resulting in the Issuer withholding 59,225 of the warrant shares to pay the exercise price, and issuing to the Reporting Person the remaining 70,775 shares.
- [F3]Warrants became exercisable as follows: (i) 130,000 shares became exercisable on July 1, 2011; and (ii) 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.