SEC Form 4/A · accession 0001415889-15-001448
BANC OF CALIFORNIA, INC. · BANC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Jeffrey T Seabold
Officer — EVP, CHIEF LENDING OFFICER
Period of report
Apr 1, 2015
Accepted (ET)
Apr 27, 2015 · 9:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001169770
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Apr 1, 2015 | A | 4,062 | $0.00 | A | 119,486 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This amendment on Form 4 is being filed to correct the number of shares of restricted stock issued to, and the number of shares beneficially held by the Reporting Person on the transaction date. Shares will vest on the one-year anniversary of the grant date.
- F2Shares issued pursuant to the Issuer's 2013 Omnibus Incentive Plan. The Reporting Person did not provide, and the Issuer did not receive any consideration for the issuance of these shares.
- F3As previously reported in the Reporting Person's Form 5, as amended, filed on March 6, 2015, the amount reported does not include the entire award amount of 85,673 shares (the "Shares") reported as acquired by the Reporting Person on the Form 4 filed on November 4, 2013. Although the Reporting Person acquired 28,545 of the Shares on October 31, 2014, as reported in the Reporting Person's Form 4 filed on November 6, 2014, the Reporting Person has not acquired the remainder of the Shares in transactions reportable on Form 4, as the issuance price of the remaining shares has yet to be fixed. Additionally, the Shares are not issued as restricted stock awards under the Issuer's option plan, but are issued as unregistered securities pursuant to the terms of an acquisition agreement between the Issuer and CS Financial (the "Agreement") in three equal annual installments so long as certain performance based targets set forth in the Agreement are achieved.