SEC Form 4 · accession 0001518715-18-000035
Mechanics Bancorp · MCHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Troy Harper
Officer — EVP & CIO
Period of report
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 9:27 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 | Jan 26, 2018 | M | 310 | $0.00 | A | 1,375 | D | |
| Common StockF2 | Jan 28, 2018 | M | 393 | $0.00 | A | 1,768 | 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 UnitsF3,F4 | — | Jan 26, 2018 | M | 310 | D | — | — | Common Stock | 310 | 1,742 | D |
| Restricted Stock UnitsF3,F5 | — | Jan 28, 2018 | M | 393 | D | — | — | Common Stock | 393 | 1,349 | D |
| Restricted Stock UnitsF7,F3,F6 | — | Jan 29, 2018 | A | 1,275 | A | — | — | Common Stock | 1,275 | 2,624 | D |
Explanation of responses
- F1Common stock acquired upon vesting of Restricted Stock Units ("RSUs") granted on January 26, 2017.
- F2Common stock acquired upon vesting of RSUs" granted on January 28, 2016.
- F3Each 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.
- F4On January 26, 2017, the reporting person was granted 930 RSUs, which vest incrementally in equal amounts on January 26, 2018, January 26, 2019, and January 26, 2020, respectively. 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 vest on that date.
- F5On January 28, 2016, the reporting person was granted 1,179 RSUs, which vest incrementally in equal amounts on January 28, 2017, January 28, 2018 and January 28, 2019, respectively. 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 vest on that date.
- F6On January 29, 2018, the reporting person was granted 1,275 RSUs, which vest incrementally in equal amounts on January 29, 2019, January 29, 2020, and January 29, 2021, respectively. 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 vest on that date.
- F7The reporting person's remaining RSUs includes 336 RSUs granted on June 25, 2015, which vest on June 25, 2018, 393 RSUs granted on January 28, 2016, which vest on January 28, 2019, and 620 RSUs granted on January 26, 2017, which vest incrementally in equal amounts on January 26, 2019 and January 26, 2020, respectively. 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 vest on that date.