SEC Form 4 · accession 0001179110-16-023292
PACWEST BANCORP · PACW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suzanne R Brennan
Officer — EVP, Risk Management
Period of report
Apr 20, 2016
Accepted (ET)
Apr 21, 2016 · 5:05 pm EDT
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 | Apr 20, 2016 | S | 20,000 | $40.0059 | D | 6,478 | I | Brennan Family Trust |
| Common Stock | holding | — | — | — | 22,500 | D | ||
| Common StockF3 | holding | — | — | — | 566 | I | By 401(k) Plan |
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 $40.00 to $40.025, 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.
- F2Indirect ownership prior to sale included 7,885 shares previously reported as directly held.
- F3Includes 20.853 shares of Issuer's common stock acquired by the Reporting Person between June 12, 2015 and April 21, 2016 under the Issuer's 401(k) plan. The information in this report is based on a plan statement dated as of April 21, 2016.