SEC Form 4 · accession 0001415889-17-001893
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 30, 2017
Accepted (ET)
Dec 4, 2017 · 7:16 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 30, 2017 | M | 10,162 | $13.29 | A | 65,897 | D | |
| Common Stock | Nov 30, 2017 | F | 5,303 | $23.05 | D | 60,594 | 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 | $13.29 | Nov 30, 2017 | D | 13,838 | D | Apr 1, 2017 | May 15, 2025 | Common Stock | 24,000 | 10,162 | D |
| Stock Options | $13.29 | Nov 30, 2017 | M | 10,162 | D | Apr 1, 2017 | May 15, 2017 | Common Stock | 10,162 | 0 | 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 10,162 stock options.