SEC Form 4 · accession 0000902664-15-001559
PACIFIC MERCANTILE BANCORP · PMBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 5:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001109546
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 3, 2015 | P | 7,600 | $7.08 | A | 135,324 | I | See footnotes |
| Common StockF1,F2,F3 | Mar 3, 2015 | P | 2,400 | $7.14 | A | 137,724 | I | See footnotes |
| Common StockF1,F2,F3 | Mar 3, 2015 | P | 1,000 | $7.06 | A | 138,724 | I | See footnotes |
| Common StockF1,F2,F3 | Mar 5, 2015 | P | 13,746 | $7.09 | A | 152,470 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1By virtue of (i) its ownership of Clinton Relational Opportunity, LLC, a Delaware limited liability company ("CRO"), which serves as the investment manager of Clinton Relational Opportunity Master Fund, L.P., a Cayman Islands exempted limited partnership ("CREL"), (ii) serving as the investment manager of SBAV LP, a Delaware limited partnership ("SBAV") and (iii) a sub-advisory agreement governing a mutual fund portfolio ("WKCAX"), Clinton Group, Inc., a Delaware corporation ("Clinton") has voting power and investment discretion with respect to the securities reported herein which are held by CREL, SBAV and WKCAX. By virtue of serving as the general partner of SBAV, SBAV GP has voting power and investment discretion with respect to the securities reported herein which are held by SBAV. By virtue of serving as the investment manager of CREL, CRO has voting power and investment discretion with respect to the securities reported herein which are held by CREL.
- F2Mr. George Hall serves as the Chief Executive Officer of Clinton and as the managing member of SBAV GP, LLC, a Delaware limited liability company ("SBAV GP"). Mr. George E. Hall is deemed to be the indirect beneficial owner of such securities by virtue of his direct and indirect control of Clinton.
- F3The Reporting Persons disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any Reporting Person is the beneficial owners of the securities for the purpose of Section 16 or for any other purpose, except to the extent of such Reporting Person's pecuniary interest therein.
Remarks
Mr. Daniel Strauss, an employee of Clinton, serves as a member of the board of directors of the Issuer. The Reporting Persons may therefore be deemed to be a director by deputization.