SEC Form 4 · accession 0001415889-16-005683
BANC OF CALIFORNIA, INC. · BANC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C. Grosvenor
Officer — EVP AND GENERAL COUNSEL
Period of report
Apr 26, 2016
Accepted (ET)
Apr 28, 2016 · 9:25 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 StockF2 | Apr 26, 2016 | A | 6,276 | $0.00 | A | 42,812 | D | |
| Common StockF3 | Apr 26, 2016 | A | 7,531 | $0.00 | A | 50,343 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $13.29 | Apr 26, 2016 | A | 12,000 | A | Apr 1, 2016 | May 15, 2025 | Common Stock | 12,000 | 12,000 | D |
| Stock OptionsF5 | $12.24 | holding | — | — | — | — | Aug 22, 2022 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1These awards were granted upon attainment of certain performance objectives under performance unit agreements previously granted to the Reporting Person by the Issuer.
- F2This award is currently restricted and will vest in full on April 1, 2017.
- F3This award is currently restricted and is scheduled to vest in substantially equal installments on each April 1 of 2017, 2018 and 2019.
- F4This option award was previously granted on May 15, 2015, but was not yet reported as the vesting of the shares, which occurred on April 1, 2016, was subject to attainment of certain performance objectives, which was certified by the Issuer's Compensation Committee on April 26, 2016.
- F5One-third of these options vested on August 22, 2013, August 22, 2014 and August 14, 2015, respectively.