SEC Form 4 · accession 0001518715-17-000136
Mechanics Bancorp · MCHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rose Marie David
Officer — Sr. EVP-SF Lending Dir.
Period of report
May 29, 2017
Accepted (ET)
May 31, 2017 · 8:18 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 | May 29, 2017 | M | 371 | $0.00 | A | 21,355 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F2,F3 | — | May 29, 2017 | M | 371 | D | — | — | Common Stock | 371 | 1,783 | D |
Explanation of responses
- F1Common stock acquired upon vesting of Restricted Stock Units ("RSUs") granted on May 29, 2014.
- F2Each RSU represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
- F3On May 29, 2014, the reporting person was granted 1,113 RSUs, which vested incrementally in equal amounts on May 29, 2015, May 29, 2016 and May 29, 2017, respectively.
- F4The reporting person's remaining RSUs also include 377 RSUs granted on January 29, 2015, which vest on January 29, 2018; 662 RSUs granted on January 28, 2016, which vest incrementally in equal amounts on January 28, 2018 and January 28, 2019, respectively; and 744 RSUs granted on January 26, 2017, which vest incrementally in equal amounts on January 26, 2018, January 26, 2019 and January 26, 2020. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that have vested.