SEC Form 4 · accession 0001721182-19-000004
Luther Burbank Corp · LBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W. Armstrong III
Officer — Chief Banking Officer
Period of report
Jan 24, 2019
Accepted (ET)
Jan 28, 2019 · 5:08 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 24, 2019 | A | 15,322 | $0.00 | A | 38,598 | D |
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, 2020, 33.33% on January 1, 2021, and 33.33% on January 1, 2022. 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.