Wagner Tom 4

4 · PACIFIC MERCANTILE BANCORP · Filed Oct 19, 2021

Form 4

Period: 2021-10-18

Director

Transactions

Sale
Stock Option (Right to Buy)
2021-10-18$9.31/sh−4,336$40,368→ 0 total
Exercise: $8.40Exp: 2028-02-23→ Common Stock (4,336 underlying)
Sale
Stock Options (Right to buy)
2021-10-18$9.31/sh−23,588$219,604→ 0 total
Exercise: $6.77Exp: 2026-02-16→ Common Stock (23,588 underlying)
Sale
Common Stock
2021-10-18$9.31/sh−13,990$130,247→ 0 total
Sale
Stock Options (Right to buy)
2021-10-18$9.31/sh−5,167$48,105→ 0 total
Exercise: $7.10Exp: 2025-02-17→ Common Stock (5,167 underlying)
Sale
Stock Option (Right to Buy)
2021-10-18$9.31/sh−11,330$105,482→ 0 total
Exercise: $6.87Exp: 2024-08-21→ Common Stock (11,330 underlying)

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

1 file