SEC Form 4 · accession 0001053352-16-000105
HERITAGE COMMERCE CORP · HTBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence D McGovern
Officer — EVP/CFO
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 4:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001053352
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | May 3, 2016 | A | 8,200 | $0.00 | A | 51,700 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Standard Employee Option - ISO | $23.85 | holding | — | — | — | Aug 3, 2006 | Aug 3, 2016 | Common | 0 | 1,126 | D |
| Standard Employee Option - ISO | $23.89 | holding | — | — | — | May 4, 2007 | May 4, 2017 | Common | 0 | 1,127 | D |
| Standard Employee Option - NSO | $23.85 | holding | — | — | — | Aug 3, 2006 | Aug 3, 2016 | Common | 0 | 8,874 | D |
| Standard Employee Option - NSO | $23.89 | holding | — | — | — | May 4, 2007 | May 4, 2017 | Common | 0 | 13,873 | D |
| Standard Employee Option - NSO | $6.57 | holding | — | — | — | Apr 30, 2013 | Apr 30, 2023 | Common | 0 | 15,000 | D |
| Standard Employee Option - NSO | $8.07 | holding | — | — | — | Feb 27, 2014 | Feb 27, 2024 | Common | 0 | 15,000 | D |
Explanation of responses
- F1Restricted stock vests 25% each year on an annualized basis.