WELLS GEORGE H 4
4 · PACIFIC MERCANTILE BANCORP · Filed Sep 2, 2011
Insider Transaction Report
Form 4
WELLS GEORGE H
Director
Transactions
- Conversion
Common
2011-07-01$7.65/sh+3,267$24,993→ 48,079 total - Conversion
Series A Convertible Preferred Stock
2011-07-01$100.00/sh+250$25,000→ 0 total(indirect: (*3))Exercise: $7.65From: 2011-12-31→ Common Stock (3,267 underlying) - Purchase
Common
2011-07-01$4.95/sh+585$2,896→ 48,664 total
Footnotes (3)
- [F1]These Series A shares were issued to the undersigned by the issuer, in a private transaction, in consideration for the waiver by the undersigned of teh right to receive payment from the issuer of accrued but unpaid cash dividends on teh shares of Series A Convertible Preferred Stock converted by the undersigned into common stock of the issuer on July 1, 2011.
- [F2]If not optionally converted sooner, the Series A shares were to be automatically converted into common stock on teh later of (a) November 22, 2011 or (b) the date on which all accrued but unpaid dividends on the Series A shares had been paid in cash.
- [F3]These shares were held in an investment partnership prior to their conversion into common stock.