Biggs John G. 4
4 · Luther Burbank Corp · Filed Dec 21, 2017
Insider Transaction Report
Form 4
Biggs John G.
President, CEO
Transactions
- Award
Common Stock
2017-12-20+252,030→ 540,403 total - Award
Common Stock
2017-12-20+288,373→ 288,373 total
Holdings
- 465(indirect: Custodian for Kayo Sharma)
Common Stock
- 4,651(indirect: By Trust)
Common Stock
- 465(indirect: Custodian for Skyler Sharma)
Common Stock
Footnotes (2)
- [F1]The reporting person received restricted stock units subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the grant, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- [F2]The reporting person received one restricted stock unit in exchange for each previously awarded phantom stock share. No changes were made to the prior vesting schedule or to deferral elections, if any. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.