SEC Form 4 · accession 0001518715-16-000255
Mechanics Bancorp · MCHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark K Mason
Officer — CEO, President · Director
Period of report
Apr 28, 2016
Accepted (ET)
Apr 29, 2016 · 5:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001518715
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 28, 2016 | M | 242,168 | $11.00 | A | 242,168 | D | |
| Common StockF2 | Apr 28, 2016 | S | 242,168 | $21.60 | D | 0 | D | |
| Common StockF3 | holding | — | — | — | 242,765 | I | Mason Family Trust DTD 2/16/99 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right To Buy)F2,F1,F4 | $11.00 | Apr 28, 2016 | M | 242,168 | D | — | Feb 10, 2022 | Common Stock | 242,168 | 0 | D |
Explanation of responses
- F1This amount represemts the current exercise price per share after two forward 2 for 1 stock splits on 3/06/12 and 11//05/12.
- F2This amount represents the current options owned after two forward 2 for 1 stock splits on 3/06/12 and 11/05/12.
- F3Includes 5,601 shares previously reported as directly held by Mr. Mason.
- F4These options vested in three equal installments on February 10, 2013, 2014 and 2015.