SEC Form 4 · accession 0001415889-17-001844
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
Nov 17, 2017
Accepted (ET)
Nov 21, 2017 · 8:00 pm EST
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 | Nov 17, 2017 | M | 30,328 | $12.24 | A | 71,560 | D | |
| Common Stock | Nov 17, 2017 | F | 15,825 | $20.55 | D | 55,735 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2,F3 | $12.24 | Nov 17, 2017 | D | 44,672 | D | — | Aug 22, 2022 | Common Stock | 75,000 | 30,328 | D |
| Stock OptionsF3 | $12.24 | Nov 17, 2017 | M | 30,328 | D | — | Aug 22, 2022 | Common Stock | 30,328 | 0 | D |
| Stock Option | $13.29 | holding | — | — | — | Apr 1, 2017 | May 15, 2025 | Common Stock | 24,000 | 24,000 | D |
Explanation of responses
- F1Shares disposed to satisfy the Reporting Person's tax liability incurred by the exercise of the stock option reported herein.
- F2Represents stock options that were cancelled and returned to the Issuer in order to pay the exercise price associated with the exercise of the remaining 30,328 stock options.
- F3One-third of the options vested on August 22, 2013, August 22, 2014 and August 14, 2015, respectively.