SEC Form 4 · accession 0001179110-15-014626
PACWEST BANCORP · PACW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Robert Burke
Director
Period of report
Nov 6, 2015
Accepted (ET)
Nov 9, 2015 · 5:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001102112
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Nov 6, 2015 | S | 202,067 | $47.21 | D | 666,421 | I | Northaven group |
| Common StockF4,F2,F3 | Nov 6, 2015 | S | 133 | $47.8531 | D | 666,288 | I | Northaven group |
| Common StockF5,F6 | holding | — | — | — | 259,232 | I | By Northaven Partners, L.P. | |
| Common StockF5,F6 | holding | — | — | — | 48,854 | I | By Northaven Partners II, L.P. | |
| Common StockF5,F6 | holding | — | — | — | 16,117 | I | By Northaven Partners III, L.P. | |
| Common StockF5,F6 | holding | — | — | — | 25,916 | I | By Northaven Offshore Ltd. | |
| Common StockF5,F6 | holding | — | — | — | 316,169 | I | By Northaven Capital Partners, L.P. | |
| Common Stock | holding | — | — | — | 3,976 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.85 to $47.83, inclusive. The reporting person undertakes to provide to PacWest Bancorp, any security holder of PacWest Bancorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- F2Represents the total number of shares owned by the five Northaven entities combined after giving effect to the reported transaction. A breakdown of the shares owned by each entity is set forth at the bottom of Table I.
- F3Each of the five Northaven entities participated in the sales reported on this Form 4. Of the total 202,200 shares sold, Northaven Partners, L.P. sold 85,146 shares, Northaven Partners II, L.P. sold 11,580 shares, Northaven Partners III, L.P. sold 5,294 shares, Northaven Offshore Ltd. sold 8,512 shares, and Northaven Capital Partners, L.P. sold 91,668 shares.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.8525 to $47.855, inclusive. The reporting person undertakes to provide to PacWest Bancorp, any security holder of PacWest Bancorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (4) to this Form 4.
- F5Represents the total number of shares held by each respective Northaven entity after giving effect to the reported transactions.
- F6Reporting person serves as a shareholder in Northaven Management, Inc., and is a member of Northaven Associates, LLC, the general partner of each of Northaven Partners, L.P., Northaven Partners II, L.P., Northaven Partners III, L.P., and Northaven Capital Partners, L.P., and the holder of the management shares of Northaven Offshore Ltd. As such, reporting person may be deemed to have beneficial ownership of the securities owned by these entities. Reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.