BANC OF CALIFORNIA, INC. 4
4 · BANC OF CALIFORNIA, INC. · Filed Nov 2, 2016
Insider Transaction Report
Form 4
Seabold Jeffrey T
Director
Transactions
- Other
Common Stock
2016-10-31+28,547→ 202,557 total
Holdings
- 201,922
Class B Non-Voting Stock
- 100,000
Stock Option
Exercise: $13.10Exp: 2023-05-13→ Common Stock (100,000 underlying) - 16,713
Stock Option (Right to Purchase)
Exercise: $15.81From: 2012-06-27Exp: 2021-06-27→ Common Stock (16,713 underlying)
Footnotes (3)
- [F1]The shares reported herein were not issued under the Issuer's 2013 Omnibus Plan, but, instead, were issued as unregistered securities pursuant to the terms of an acquisition agreement between the Issuer and CS Financial (the "Agreement"), dated October 31, 2013. At the time the Agreement was executed, the Reporting Person was a majority owner in CS Financial. Under the terms of the Agreement, the Reporting Person is entitled to receive certain performance shares (totaling 85,637 shares) in three equal annual installments, so long as certain performance targets are met. The 28,547 shares reported herein represent the third (and final) installment issued and, to date, the Reporting Person has been issued 85,637 of these performance shares.
- [F2]Represents number of shares of Class B Non-Voting Common Stock held by the Reporting Person as of October 31, 2016. Due to a clerical error, the amount reported in the Reporting Person's Form 4 filed on October 17, 2016 was overstated.
- [F3]Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018.