4//SEC Filing
BANC OF CALIFORNIA, INC. 4
Accession 0001415889-16-006391
$BANCCIK 0001169770operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 7:58 PM ET
Size
14.2 KB
Accession
0001415889-16-006391
Insider Transaction Report
Form 4
Schnel Jonah
Director
Transactions
- Award
Common Stock
2016-07-01+7,183→ 36,025.226 total - Award
Common Stock
2016-07-01+3,000→ 39,025.226 total
Holdings
- 918
Stock Option
Exercise: $10.90Exp: 2024-07-01→ Common Stock (918 underlying) - 2,808
Stock Option
Exercise: $13.75Exp: 2025-07-01→ Common Stock (2,808 underlying) - 500(indirect: By Spouse)
Common Stock
- 918
Stock Option
Exercise: $10.90Exp: 2024-07-01→ Common Stock (918 underlying) - 2,808
Stock Option
Exercise: $13.75Exp: 2025-07-01→ Common Stock (2,808 underlying)
Footnotes (5)
- [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, 2016 (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]Represents shares of restricted stock, subject to the same terms and conditions as set forth in Note 1 above, but scheduled to vest annually in substantially equal installments over a three-year period beginning on the one-year anniversary grant date.
- [F4]Shares issued to the Reporting Person in special consideration for his service in multiple capacities, across multiple committees of the Issuer's Board of Directors, 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.
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, 7:58 PM ET
- Size
- 14.2 KB