BANC OF CALIFORNIA, INC. 4

4 · BANC OF CALIFORNIA, INC. · Filed Oct 4, 2016

Form 4

Period: 2016-09-30

Director

Transactions

Exercise of In-Money
Class B Non-Voting Stock
2016-09-30$8.80/sh+80,000$704,000→ 241,841 total
Sale
Class B Non-Voting Stock
2016-09-30$17.63/sh−39,919$703,772→ 201,992 total
Exercise of In-Money
Warrant to purchase Class B Non-Voting Common Stock
2016-09-30−80,000→ 0 total
Exercise: $8.80→ Class B Non-Voting Common Stock (80,000 underlying)

Holdings

Stock Option (Right to Purchase)
Exercise: $15.81From: 2012-06-27Exp: 2021-06-27→ Common Stock (16,713 underlying)
16,713
Common Stock
165,409
Stock Option
Exercise: $13.10Exp: 2023-05-13→ Common Stock (100,000 underlying)
100,000

Footnotes (5)

[F1]The exercise of the Reporting Person's warrant to purchase shares of the Issuer's Class B Non-Voting Stock reported herein was effected pursuant to a Rule 10b-5 trading plan, adopted by the Reporting Person on August 10, 2016.
[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 $8.80 per share as of September 30, 2016.
[F3]Warrants exercised on a cashless basis, resulting in the Issuer withholding 39,919 of the warrant shares to pay the exercise price, and issuing to the Reporting Person the remaining 40,081 shares.
[F4]Warrants became exercisable on October 1, 2011, and was exercisable for a period of five years thereafter.
[F5]Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018.

Documents

1 file