SEC Form 4/A · accession 0001722457-19-000002
Luther Burbank Corp · LBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
John G. Biggs
Officer — President, CEO · Director
Period of report
Dec 20, 2017
Accepted (ET)
Feb 13, 2019 · 10:16 am 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,F2 | Dec 20, 2017 | A | 260,466 | $0.00 | A | 260,466 | D | |
| Common StockF3 | Dec 20, 2017 | A | 252,030 | $0.00 | A | 512,496 | D | |
| Common Stock | holding | — | — | — | 4,651 | I | By Self as Trustee of the John G and Dana R Biggs Lvg Tr Dtd 6-4-12 | |
| Common Stock | holding | — | — | — | 465 | I | Custodian for Kayo Sharma | |
| Common Stock | holding | — | — | — | 465 | I | Custodian for Skyler Sharma |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person received restricted stock units subject to a three-year vesting schedule, vesting 33.34% on the one year anniversary date of the grant, 33.33% on the second year anniversary, and 33.33% on the third year anniversary. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- F2There was an error in the number of shares reported. The previous filing was over reported by 27,907 shares in the amount of 288,373 shares. The correct number of shares is 260,466.
- F3The reporting person received one restricted stock unit in exchange for each previously awarded phantom stock share. No changes were made to the prior vesting schedule or to deferral elections, if any. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.