SEC Form 4 · accession 0001518715-17-000064
Mechanics Bancorp · MCHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard W H Bennion
Officer — EVP - Res. Lending Director
Period of report
Mar 8, 2017
Accepted (ET)
Mar 10, 2017 · 5:55 pm EST
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 | Mar 8, 2017 | A | 1,009 | $0.00 | A | 1,009 | D | |
| Common StockF2 | holding | — | — | — | 30,825 | I | Bennion Revocable Living Trust dated 12/19/2002 | |
| Common StockF3,F4 | holding | — | — | — | 0 | I | HomeStreet, Inc. 401(k) Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Delivery of shares of the company's common stock was made to the reporting person without payment of any consideration in connection with the vesting of underlying Performance Share Units ("PSUs") awarded as compensation in 2014 and converted to common stock on the basis of the achievement of certain performance factors. These PSUs were previously reported on a Form 4 filed June 2, 2014 with a maximum award amount of 1,692 shares. Any portion of the award not vested terminated as of the date of this issuance.
- F2Mr. Bennion is the co-trustee with Diane Bennion for the Bennion Revocable Living Trust dated 12/19/02.
- F3On June 2, 2016, Mr. Bennion's sale of shares from HomeStreet, Inc.'s 401(k) Savings Plan was erroneously reported as 5,334 shares. The correct amount sold on June 1, 2016 was 5,334.037 shares.
- F4Participants in HomeStreet, Inc.'s 401(k) Savings Plan, or the "401(k) Plan", have the authority to direct voting of shares they hold through the 401(k) Plan.