BANC OF CALIFORNIA, INC. 4
4 · BANC OF CALIFORNIA, INC. · Filed Apr 5, 2017
Insider Transaction Report
Form 4
Grosvenor John C.
EVP and General Counsel
Transactions
- Award
Common Stock
2017-04-03+3,624→ 46,338.601 total - Tax Payment
Common Srock
2017-04-03$20.70/sh−4,585$94,910→ 41,753.601 total - Award
Stock Option
2017-04-03+12,000→ 24,000 totalExercise: $13.29From: 2017-04-01Exp: 2025-05-15→ Common Stock (12,000 underlying)
Holdings
- 75,000
Stock Options
Exercise: $12.24Exp: 2022-08-22→ Common Stock (75,000 underlying)
Footnotes (4)
- [F1]This award is currently restricted and will vest in full on April 3, 2018.
- [F2]Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of previously granted awards.
- [F3]On May 15, 2015, the Reporting Person was granted an option to purchase 60,000 shares of common stock. The option vests in five substantially equal annual installments, based on satisfaction of certain performance-based criteria for each of the fiscal years ending December 31, 2015, 2016, 2017, 2018, and 2019. The performance criteria for 2016 were met, resulting in vesting of the option as to 12,000 shares.
- [F4]One-third of the options vested on August 22, 2013, August 22, 2014 and August 14, 2015, respectively.