Grosvenor John C. 4
4 · BANC OF CALIFORNIA, INC. · Filed Mar 12, 2018
Insider Transaction Report
Form 4
Grosvenor John C.
EVP and General Counsel
Transactions
- Award
Common Stock
2018-03-08+5,938→ 66,836.427 total - Award
Stock Option
2018-03-08+12,000→ 12,000 totalExercise: $13.29From: 2017-04-01Exp: 2025-05-15→ Common Stock (12,000 underlying)
Footnotes (2)
- [F1]Represents issuance of restricted stock units (RSUs) which convert into common stock on a one-for-one basis. These RSUs were initially granted on April 14, 2017, but are now being issued to the Reporting Person due to satisfaction of a performance gate criterion. The RSUs are scheduled to vest annually, in substantially equal installments, over a four-year period beginning on April 14, 2018.
- [F2]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 installments, based on the 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 2017 were met, resulting in vesting of the option as to 12,000 shares.