SEC Form 4 · accession 0001127602-15-007522

PACIFIC MERCANTILE BANCORP · PMBC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Feb 18, 2015

Accepted (ET)

Feb 20, 2015 · 8:20 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 Stock - Restricted^F1	Feb 18, 2015	A	2,212	$7.12	A	2,212	D
Common Stock^F2	holding	—	—		—	4,201,278	I	See Footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock Purchase Warrant^F2,F3	$6.26	holding	—	—	—	—	Apr 20, 2016	Common Stock	408,834	408,834	I
Series B-2 Convertible 8.4% Noncumulative Preferred Stock^F2,F4	$5.32	holding	—	—	—	—	—	Common Stock	695,489	695,489	I

F1Shares granted pursuant to restricted stock agreement, vesting over 12 months.
F2All such shares of common stock, Series B Stock and warrants are held by Carpenter Community Bancfund, LP and Carpenter Community Bancfund-A, LP, of which Carpenter Fund Manager GP, LLC is the General Partner. John D. Flemming is a Managing Member of Carpenter Fund Manager GP, LLC and disclaims beneficial ownership of all such shares, except to the extent that Mr. Flemming has a pecuniary interest in the General Partner.
F3The warrants are not currently excercisable and would only become excercisable if the Issuer completes an acquisition of an insured depository institution or its parent having assets of $250 million or more by merger, purchase of outstanding shares or the purchase and assumption of all or substancially all of its assets and liabilities.
F4The preferred stock is convertible at any time at the holder's election and has no expiration date.