Phillips Andrew M. 4
4 · PACIFIC MERCANTILE BANCORP · Filed Sep 28, 2010
Insider Transaction Report
Form 4
Phillips Andrew M.
Director
Transactions
- Purchase
Common Stock
2010-06-25$5.00/sh+2,000$10,000→ 3,900 total - Purchase
Series A Convertible 10% Cumulative Preferred Stock
2010-06-25$100.00/sh+2,500$250,000→ 5,000 total(indirect: (1) (2))Exercise: $7.65From: 2010-05-04Exp: 2012-05-04→ Common Stock (32,675 underlying)
Footnotes (1)
- [F1]This is a late filing (1) Series A Convertible Shares are owned in the name of Serenity Development, held by the ASP Family Trust of which the Reported Person and his spouse are each 50% owners. (2) The shares of Series A Convertible Preferred Stock (the "Series A Shares") are convertible into shares of common stock, at any time in whole or from time to time in part, at the option of the Reporting Person. However, if and to the extent not sooner converted by the Reporting Person, the Series A Shares will automatically convert into shares of common stock on May 4, 2012.