4//SEC Filing
BANC OF CALIFORNIA, INC. 4
Accession 0001415889-16-007242
$BANCCIK 0001169770operating
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 9:00 PM ET
Size
12.9 KB
Accession
0001415889-16-007242
Insider Transaction Report
Form 4
Seabold Jeffrey T
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 totalExercise: $8.80→ Class B Non-Voting Common Stock (80,000 underlying)
Holdings
- 16,713
Stock Option (Right to Purchase)
Exercise: $15.81From: 2012-06-27Exp: 2021-06-27→ Common Stock (16,713 underlying) - 165,409
Common Stock
- 100,000
Stock Option
Exercise: $13.10Exp: 2023-05-13→ Common Stock (100,000 underlying)
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
Issuer
BANC OF CALIFORNIA, INC.
CIK 0001169770
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001169770
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 9:00 PM ET
- Size
- 12.9 KB