4//SEC Filing
Thompson Kevin L 4
Accession 0001415889-23-015668
CIK 0001102112other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 9:48 PM ET
Size
8.3 KB
Accession
0001415889-23-015668
Insider Transaction Report
Form 4
PACWEST BANCORPPACW
Thompson Kevin L
EVP, CHIEF FINANCIAL OFFICER
Transactions
- Tax Payment
Common Stock
2023-11-30$7.54/sh−1,871$14,107→ 41,525 total - Disposition to Issuer
Common Stock
2023-11-30−41,525→ 0 total
Footnotes (6)
- [F1]Represents the number of shares of Issuer's common stock that Reporting Person surrendered to Issuer for the satisfaction of Reporting Person's tax withholding obligations upon the vesting of 6,507 shares of restricted stock on November 30, 2023.
- [F2]Reflects market closing price on November 30, 2023.
- [F3]Includes restricted stock awards of 24,389 shares of Issuer's common stock (the "Issuer RSAs").
- [F4]Disposed of pursuant to the Agreement and Plan of Merger, dated July 25, 2023, by and among Issuer, Banc of California, Inc. ("BANC"), and Cal Merger Sub, Inc. (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, at the effective time (the "Effective Time") of the merger between Issuer and Cal Merger Sub, Inc. (the "Merger"), each share of Issuer common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.6569 shares of BANC common stock (the "Merger Consideration"). All fractional shares were paid in cash. The Merger closed on November 30, 2023.
- [F5]Pursuant to the Merger Agreement, at the Effective Time, the Issuer RSAs were assumed by BANC and converted into the right to receive (without interest) the Merger Consideration in respect of each share of Issuer common stock subject to such Issuer RSAs immediately prior to the Effective Time with the same terms and conditions as were applicable under such Issuer RSAs immediately prior to the Effective Time (including vesting terms), with any fractional shares rounded to the nearest whole share of BANC common stock.
- [F6]As a result of the Merger, Reporting Person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.
Documents
Issuer
PACWEST BANCORP
CIK 0001102112
Entity typeother
Related Parties
1- filerCIK 0001689815
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 9:48 PM ET
- Size
- 8.3 KB