BANC OF CALIFORNIA, INC. 4
4 · BANC OF CALIFORNIA, INC. · Filed Aug 3, 2016
Insider Transaction Report
Form 4
Seabold Jeffrey T
Director
Transactions
- Tax Payment
Common Stock
2016-08-01$22.18/sh−5,218$115,735→ 165,409 total
Holdings
- 80,000
Warrant to purchase Class B Non-Voting Common Stock
Exercise: $11.00→ Class B Non-Voting Common Stock (80,000 underlying) - 161,841
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) - 100,000
Stock Option
Exercise: $13.10Exp: 2023-05-13→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
- [F2]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 $8.84 per share as of June 30, 2016.
- [F3]Warrants became exercisable as follows: (i) 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.