SEC Form 4 · accession 0001415889-18-000559
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 2, 2018
Accepted (ET)
Apr 4, 2018 · 8:12 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 | 67,096 | D | |
| Common Stock | Apr 2, 2018 | F | 5,051 | $19.30 | D | 62,045 | D | |
| Common Stock | Apr 3, 2018 | F | 1,892 | $19.15 | D | 60,153 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $13.29 | holding | — | — | — | Apr 1, 2016 | May 15, 2025 | Common Stock | 12,000 | 12,000 | 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.