SEC Form 4 · accession 0001415889-16-007292
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
Oct 13, 2016
Accepted (ET)
Oct 17, 2016 · 9:21 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 | Oct 13, 2016 | A | 7,168 | $0.00 | A | 57,511 | D | |
| Common Stock | Oct 15, 2016 | F | 522 | $16.50 | D | 56,989 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $12.24 | holding | — | — | — | — | Aug 22, 2022 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1This award was granted upon attainment of certain performance objectives under a performance unit agreement previously granted to the Reporting Person.
- F2Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of previously granted awards.
- F3One-third of the options vested on August 22, 2013, August 22, 2014 and August 14, 2015, respectively.