Biggs John G. 4/A
4/A · Luther Burbank Corp · Filed Feb 13, 2019
Insider Transaction Report
Form 4/AAmended
Biggs John G.
President, CEO
Transactions
- Award
Common Stock
2017-12-20+260,466→ 260,466 total - Award
Common Stock
2017-12-20+252,030→ 512,496 total
Holdings
- 4,651(indirect: By Trust)
Common Stock
- 465(indirect: Custodian for Kayo Sharma)
Common Stock
- 465(indirect: Custodian for Skyler Sharma)
Common Stock
Footnotes (3)
- [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]There was an error in the number of shares reported. The previous filing was over reported by 27,907 shares in the amount of 288,373 shares. The correct number of shares is 260,466.
- [F3]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.