SEC Form 4 · accession 0001722457-18-000002
Luther Burbank Corp · LBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John G. Biggs
Officer — President, CEO · Director
Period of report
Dec 7, 2018
Accepted (ET)
Dec 11, 2018 · 3:00 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 | Dec 7, 2018 | F | 28,627 | $9.80 | D | 511,776 | D | |
| Common StockF1 | Dec 7, 2018 | F | 4,613 | $9.80 | D | 507,163 | D | |
| Common StockF2,F3,F4 | holding | — | — | — | 4,651 | I | By Self as Trustee of the John G and Dana R Biggs Lvg Tr Dtd 6-4-12 | |
| Common StockF2,F3,F5 | holding | — | — | — | 465 | I | Custodian for Kayo Sharma | |
| Common StockF2,F3,F6 | holding | — | — | — | 465 | I | Custodian for Skyler Sharma |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects payment of tax liability by withholding shares of stock incident to vesting of restricted stock or restricted stock units previously issued.
- F2Represents shares of Common Stock of Luther Burbank Corporation purchased through a directed share program in connection with the initial public offering of the Common Stock (the "IPO"), which closed on December 12, 2017.
- F3The shares are subject to a lock up provision for a period of 180 days, as required under a lock-up agreement with the underwriters of the IPO.
- F4Shares of Common Stock are held by Mr. Biggs as Trustee of the John G and Dana R Biggs Lvg Tr Dtd 6-4-12. Mr. Biggs possesses the voting and investment power with respect to the shares of Common Stock held by the trust.
- F5Shares of Common Stock are held in a custodial account for the benefit of Kayo Sharma. Mr. Biggs is the custodian of the account and possesses the voting and investment power with respect to the shares of Common Stock held in the custodial account.
- F6Shares of Common Stock are held in a custodial account for the benefit of Skyler Sharma. Mr. Biggs is the custodian of the account and possesses the voting and investment power with respect to the shares of Common Stock held in the custodial account.