SEC Form 4 · accession 0001415889-18-001732
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
Nov 30, 2018
Accepted (ET)
Dec 6, 2018 · 2:00 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 StockF1 | Nov 30, 2018 | S | 83 | $17.1563 | D | 0 | I | By Patriot Financial Partners, L.P. |
| Common StockF1 | Nov 30, 2018 | S | 41 | $17.1566 | D | 0 | I | By Patriot Finanical Partners Parallel, L.P. |
| Common StockF1 | holding | — | — | — | 70,043 | D | ||
| Common StockF1,F2 | holding | — | — | — | 592 | I | By Patriot Financial Manager, LP | |
| Common StockF3 | holding | — | — | — | 1,204,097 | I | By Patriot Financial Partners II, L.P. | |
| Common StockF3 | 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
- F1On November 30, 2018, Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P. (the "Funds") completed a liquidating distribution, including 757,988 and 131,233 shares of the Issuer's common stock held by Patriot Financial Partners, L.P. and Patriot Financial Partners Parallel, L.P., respectively, which shares were reported as beneficially held by the Reporting Person in prior Section 16 reports. As a result of the distribution by the Funds, the Reporting Person retained beneficial ownership over the following shares: 60,310 shares that were issued to the Reporting Person directly and 592 shares that were issued to Patriot Financial Manager, L.P. In addition, the Funds sold a total of 124 shares (as reported herein) and the remaining shares were distributed to other partners of the Funds.
- F2The Reporting Person is a majority owner of Patriot Financial Manager, L.P. and may be deemed to be the beneficial owner of the securities held thereby. 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 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.