SEC Form 4 · accession 0001224805-15-000006
PACIFIC CONTINENTAL CORP · PCBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Reynolds
Officer — CFO
Period of report
May 1, 2015
Accepted (ET)
May 4, 2015 · 7:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084717
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | May 1, 2015 | F | 411 | $12.94 | D | 702 | D | |
| COMMON STOCK | May 1, 2015 | M | 702 | $12.94 | A | 20,399 | D | |
| COMMON STOCK | May 1, 2015 | F | 326 | $12.94 | D | 595 | D | |
| COMMON STOCK | May 1, 2015 | M | 595 | $12.94 | A | 20,994 | D | |
| COMMON STOCK | May 1, 2015 | F | 305 | $12.94 | D | 556 | D | |
| COMMON STOCK | May 1, 2015 | M | 556 | $12.94 | A | 21,550 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $12.94 | May 1, 2015 | M | 1,113 | D | — | — | Common Stock | 1,113 | 1,113 | D |
| Restricted Stock UnitF1,F2 | $12.94 | May 1, 2015 | M | 921 | D | — | — | Common Stock | 921 | 1,842 | D |
| Restricted Stock UnitF1,F2 | $12.94 | May 1, 2015 | M | 861 | D | — | — | Common Stock | 861 | 2,585 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of PCBK common stock.
- F2Restricted stock units vest in four equal annual installments beginning May 1, 2012, 2013,2014. Vesting shares will be delivered to the reporting person on the earlier of (a) the exercise by the reporting person of the vested restricted stick unit or (b) two and half months after the end of the first taxable year in which the units are no longer subject to a substantial risk of forfeiture period.