4//SEC Filing
Foley Sean 4
Accession 0001562180-21-006515
CIK 0001109546other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 2:53 PM ET
Size
5.3 KB
Accession
0001562180-21-006515
Insider Transaction Report
Form 4
Foley Sean
EVP CBO
Transactions
- Sale
Common Stock
2021-10-18$9.31/sh−25,497$237,377→ 0 total
Footnotes (1)
- [F1]Pursuant to the Merger Agreement by and between Pacific Mercantile Bancorp and Banc of California, Inc. dated March 22, 2021 (the "Agreement"), all vested shares of Pacific Mercantile Bancorp will be converted to Banc of California, Inc. shares at a 2:1 ratio. The vesting of all options, RSAs and RSUs (the "Incentives") were accelerated and cashed out upon the close of the merger that occurred on October 18, 2021. The price per share used to cash out these Incentives was $9.31, and was determined pursuant to the Agreement.
Documents
Issuer
PACIFIC MERCANTILE BANCORP
CIK 0001109546
Entity typeother
Related Parties
1- filerCIK 0001810145
Filing Metadata
- Form type
- 4
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 2:53 PM ET
- Size
- 5.3 KB