SEC Form 4 · accession 0001104659-17-069198
Stellar Bancorp, Inc. · STEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joe Penland Sr.
Director
Period of report
Nov 15, 2017
Accepted (ET)
Nov 16, 2017 · 5:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001473844
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 15, 2017 | A | 3,330 | $0.00 | A | 334,694 | D | |
| Common StockF2 | holding | — | — | — | 160,000 | I | By Penland Foundation | |
| Common StockF3 | holding | — | — | — | 724,636 | I | By Tram Road Partners LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted shares of common stock, par value $0.01 per share, of the issuer that will vest in two equal annual installments beginning on November 15, 2018, subject to the reporting person's continued service as a director of the issuer on such dates.
- F2The reporting person serves as trustee of the Penland Foundation. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
- F3The reporting person serves as trustee of Tram Road Partners LP. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Exchange Act or for any other purpose.