4//SEC Filing
Sparks Monica L 4
Accession 0001562180-23-008074
CIK 0001169770other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 7:28 PM ET
Size
8.0 KB
Accession
0001562180-23-008074
Insider Transaction Report
Form 4
Sparks Monica L
CHIEF ACCOUNTING OFFICER
Transactions
- Award
Common Stock
2023-11-30+11,145→ 11,145 total - Award
Depositary Shares of Series A Preferred Stock
2023-11-30+4,000→ 4,000 total
Footnotes (3)
- [F1]Represents shares acquired pursuant to the Agreement and Plan of Merger, dated July 25, 2023, by and among Issuer, PacWest Bancorp ("PACW") and Cal Merger Sub, Inc. (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, at the effective time (the "Effective Time") of the merger between PACW and Cal Merger Sub, Inc. (the "Merger"), each share of PACW common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.6569 shares of Issuer common stock (the Merger Consideration) with cash-in-lieu of any fractional share.
- [F2]Includes restricted stock awards of 7,543 shares of Issuer's common stock acquired from the conversion of PACW restricted stock awards ("PACW RSAs") pursuant to the Merger Agreement. Pursuant to the terms of the Merger Agreement, at the Effective Time, PACW RSAs were assumed by Issuer and converted into the right to receive the Merger Consideration in respect of each share of PACW common stock subject to such PACW RSAs immediately prior the Effective Time subject to the same terms and conditions as applicable under the PACW RSAs (including vesting terms), with any fractional shares rounded to the nearest whole share of Issuer's common stock.
- [F3]Represents Issuer's depositary shares and shares of underlying preferred stock acquired in exchange for substantially equivalent depositary shares and underlying preferred stock of PACW in connection with the transactions contemplated by the Merger Agreement.
Documents
Issuer
BANC OF CALIFORNIA, INC.
CIK 0001169770
Entity typeother
Related Parties
1- filerCIK 0001820687
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 7:28 PM ET
- Size
- 8.0 KB