SEC Form 4 · accession 0001415889-17-000605
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 3, 2017
Accepted (ET)
Apr 5, 2017 · 8:48 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 | Apr 3, 2017 | A | 3,624 | $0.00 | A | 46,339 | D | |
| Common Srock | Apr 3, 2017 | F | 4,585 | $20.70 | D | 41,754 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $13.29 | Apr 3, 2017 | A | 12,000 | A | Apr 1, 2017 | May 15, 2025 | Common Stock | 12,000 | 24,000 | D |
| Stock OptionsF4 | $12.24 | holding | — | — | — | — | Aug 22, 2022 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1This award is currently restricted and will vest in full on April 3, 2018.
- F2Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of previously granted awards.
- F3On May 15, 2015, the Reporting Person was granted an option to purchase 60,000 shares of common stock. The option vests in five substantially equal annual installments, based on satisfaction of certain performance-based criteria for each of the fiscal years ending December 31, 2015, 2016, 2017, 2018, and 2019. The performance criteria for 2016 were met, resulting in vesting of the option as to 12,000 shares.
- F4One-third of the options vested on August 22, 2013, August 22, 2014 and August 14, 2015, respectively.