SEC Form 4 · accession 0001415889-16-007329

BANC OF CALIFORNIA, INC. · BANC

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

Reporting owner

Officer — EXECUTIVE VICE PRESIDENT

Period of report

Oct 31, 2016

Accepted (ET)

Nov 2, 2016 · 8:36 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 31, 2016	J	28,547	$0.00	A	202,557	D
Class B Non-Voting Stock^F2	holding	—	—		—	201,922	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
Stock Option^F3	$13.10	holding	—	—	—	—	May 13, 2023	Common Stock	100,000	100,000	D

F1The shares reported herein were not issued under the Issuer's 2013 Omnibus Plan, but, instead, were issued as unregistered securities pursuant to the terms of an acquisition agreement between the Issuer and CS Financial (the "Agreement"), dated October 31, 2013. At the time the Agreement was executed, the Reporting Person was a majority owner in CS Financial. Under the terms of the Agreement, the Reporting Person is entitled to receive certain performance shares (totaling 85,637 shares) in three equal annual installments, so long as certain performance targets are met. The 28,547 shares reported herein represent the third (and final) installment issued and, to date, the Reporting Person has been issued 85,637 of these performance shares.
F2Represents number of shares of Class B Non-Voting Common Stock held by the Reporting Person as of October 31, 2016. Due to a clerical error, the amount reported in the Reporting Person's Form 4 filed on October 17, 2016 was overstated.
F3Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018.