SEC Form 4 · accession 0001415889-18-001286
BANC OF CALIFORNIA, INC. · BANC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Kirk Wycoff
Director
Period of report
Aug 21, 2018
Accepted (ET)
Aug 23, 2018 · 8:04 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,F2 | Aug 21, 2018 | S | 119,937 | $20.0809 | D | 830,163 | I | By Patriot Financial Partners, L.P. |
| Common StockF1,F2 | Aug 21, 2018 | S | 20,719 | $20.0809 | D | 143,692 | I | By Patriot Finanical Partners Parallel, L.P. |
| Common StockF3,F2 | Aug 22, 2018 | S | 14,144 | $20.0002 | D | 816,019 | I | By Patriot Financial Partners, L.P. |
| Common StockF3,F2 | Aug 22, 2018 | S | 2,444 | $20.0002 | D | 141,248 | I | By Patriot Finanical Partners Parallel, L.P. |
| Common StockF4,F2 | Aug 23, 2018 | S | 58,031 | $19.8143 | D | 757,988 | I | By Patriot Financial Partners, L.P. |
| Common StockF4,F2 | Aug 23, 2018 | S | 10,025 | $19.8143 | D | 131,223 | I | By Patriot Finanical Partners Parallel, L.P. |
| Common Stock | holding | — | — | — | 4,748 | D | ||
| Common StockF5 | holding | — | — | — | 1,204,097 | I | By Patriot Financial Partners II, L.P. | |
| Common StockF5 | holding | — | — | — | 257,256 | I | By Patriot Financial Partners Parallel II, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transactions on August 21, 2018 at prices ranging from $20.00 to $20.225, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F2The securities are beneficially held by Patriot Financial Partners, L.P. (the "Patriot Fund") and Patriot Financial Partners Parallel, L.P. (the "Patriot Parallel Fund," together with the Patriot Fund, the "Funds"). Patriot Financial Partners, GP, L.P. ("Patriot GP") is a general partner of each of the Funds, and Patriot Financial Partners, GP, LLC ("Patriot LLC") is a general partner of Patriot GP. In addition, the Reporting Person is a general partner of the Funds and Patriot GP and a member of Patriot LLC. Accordingly, securities owned by the Funds may be regarded as being beneficially owned by Patriot GP, Patriot LLC and the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.
- F3The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transactions on August 22, 2018 at prices ranging from $20.00 to $20.025, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F4The price reported in this Column 4 is a weighted average price. These shares were sold in multiple transactions on August 23, 2018 at prices ranging from $19.75 to $20.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F5The securities are beneficially held by Patriot Financial Partners II, L.P. (the "Patriot Fund II") and Patriot Financial Partners Parallel II, L.P. (the "Patriot Parallel Fund II," together with the Patriot Fund II, the "Funds II"). Patriot Financial Partners GP II, L.P. ("Patriot II GP") is a general partner of each of the Funds II, and Patriot Financial Partners GP II, LLC ("Patriot II LLC") is a general partner of Patriot II GP. In addition, the Reporting Person is a general partner of the Funds II and Patriot II GP and a member of Patriot II LLC. Accordingly, securities owned by the Funds II may be regarded as being beneficially owned by Patriot II GP, Patriot II LLC and the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.