SEC Form 4 · accession 0001415889-18-000557
BANC OF CALIFORNIA, INC. · BANC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hugh F Boyle
Officer — CHIEF RISK OFFICER
Period of report
Apr 2, 2018
Accepted (ET)
Apr 4, 2018 · 8:09 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 | Apr 2, 2018 | A | 260 | $0.00 | A | 105,990 | D | |
| Common Stock | Apr 2, 2018 | F | 10,715 | $19.30 | D | 95,275 | 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 | $13.83 | holding | — | — | — | — | Sep 30, 2023 | Common Stock | 25,000 | 25,000 | D |
| Stock Option | $13.29 | holding | — | — | — | Apr 1, 2017 | May 15, 2025 | Common Stock | 48,000 | 48,000 | D |
Explanation of responses
- F1Represents grant of restricted stock units. Shares will be issued upon vesting and will vest annually, in substantially equal installments, over a five-year period beginning on the one-year anniversary of the grant date.
- F2Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
- F3The stock option vests 20% annually, beginning on the one year anniversary of the grant date.