MUNIO DAVID J 4
4 · PACIFIC MERCANTILE BANCORP · Filed Oct 19, 2021
Insider Transaction Report
Form 4
MUNIO DAVID J
Director
Transactions
- Sale
Common Stock
2021-10-18$9.31/sh−14,757$137,388→ 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.