SEC Form 4 · accession 0001415889-15-002551

BANC OF CALIFORNIA, INC. · BANC

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

Reporting owner

Officer — EVP, CHIEF BANKING OFFICER

Period of report

Aug 3, 2015

Accepted (ET)

Aug 5, 2015 · 6:19 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 Stock^F1	Aug 3, 2015	F	4,250	$12.13	D	115,236	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Purchase)	$15.81	holding	—	—	—	Jun 27, 2012	Jun 27, 2021	Common Stock	16,713	16,713	D
Warrant to purchase Class B Non-Voting Common Stock^F2,F3	$11.00	holding	—	—	—	—	—	Class B Non-Voting Common Stock	435,000	435,000	D
Stock Option^F4	$13.10	holding	—	—	—	—	May 13, 2023	Common Stock	100,000	100,000	D

F1Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
F2The exercise price of this warrant is subject to certain automatic adjustments in accordance with the terms of the warrant. Based on these automatic adjustments to the original $11.00 exercise price, it has been determined that the exercise price for these warrants was $9.13 per share as of June 30, 2015.
F3Warrants became exercisable as follows: (i) 95,000 shares became exercisable on January 1, 2011; (ii) 130,000 shares became exercisable on April 1, 2011; (iii) 130,000 shares became exercisable on July 1, 2011; and (iv) 80,000 shares became exercisable on October 1, 2011. Shares are exercisable with respect to each vesting tranche five years after the tranche's vesting date.
F4Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018.