Burke Paul Robert 4
4 · BANC OF CALIFORNIA, INC. · Filed Dec 4, 2023
Insider Transaction Report
Form 4
Burke Paul Robert
Director
Transactions
- Award
Common Stock
2023-11-30+656→ 656 total(indirect: By IRA) - Award
Common Stock
2023-11-30+44,973→ 44,973 total - Award
Common Stock
2023-11-30+985→ 985 total(indirect: By Trust) - Award
Depository Shares of Series A Preferred Stock
2023-11-30+1,000→ 1,000 total(indirect: By IRA)
Footnotes (2)
- [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., 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 with cash-in-lieu of any fractional share.
- [F2]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.