SEC Form 4 · accession 0001721147-18-000002
Luther Burbank Corp · LBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Liana Prieto
Officer — EVP, General Counsel
Period of report
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 3:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001475348
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 31, 2018 | A | 17,620 | $0.00 | A | 122,836 | D | |
| Common StockF2 | holding | — | — | — | 1,535 | I | By LRP 1025 LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person received a restricted stock award subject to a three-year vesting schedule, vesting 33.34% on January 1, 2019, 33.33% on January 1, 2020, and 33.33% on January 1, 2021. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock shares that have vested.
- F2Shares of Common Stock are held through LRP 1025 LLC. Ms. Prieto, as trustee of the Liana R. Prieto Living Trust, possesses the voting and investment power with respect to the shares of Common Stock held by LRP 1025 LLC.