SEC Form 4 · accession 0001518715-18-000048
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
Jan 26, 2018
Accepted (ET)
Jan 31, 2018 · 5:10 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 | 3,015 | $0.00 | A | 131,997 | D | |
| Common StockF2 | Jan 28, 2018 | M | 3,409 | $0.00 | A | 135,406 | D | |
| Common StockF3 | Jan 29, 2018 | M | 2,821 | $0.00 | A | 138,227 | 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,F5 | — | Jan 26, 2018 | M | 3,015 | D | — | — | Common Stock | 3,015 | 26,949 | D |
| Restricted Stock UnitsF4,F6 | — | Jan 28, 2018 | M | 3,409 | D | — | — | Common Stock | 3,409 | 23,540 | D |
| Restricted Stock UnitsF4,F7 | — | Jan 29, 2018 | M | 2,821 | D | — | — | Common Stock | 2,821 | 20,719 | D |
| Restricted Stock UnitsF9,F4,F8 | — | Jan 29, 2018 | A | 8,679 | A | — | — | Common Stock | 8,679 | 29,398 | 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.
- F3Common stock acquired upon vesting of RSUs granted on January 29, 2015.
- F4Each 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.
- F5On January 26, 2017, the reporting person was granted 9,045 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.
- F6On January 28, 2016, the reporting person was granted 10,227 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.
- F7On January 29, 2015, the reporting person was granted 8,463 RSUs, which vest incrementally in equal amounts on January 29, 2016, January 29, 2017, and January 29, 2018, 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.
- F8On January 29, 2018, the reporting person was granted 8,679 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.
- F9The reporting person's remaining RSUs includes 3,409 RSUs granted on January 28, 2016, which vest on January 28, 2019, 6,030 RSUs granted on January 26, 2017, which vest incrementally in equal amounts on January 26, 2019 and January 26, 2020, respectively, and 11,280 RSUs granted on March 8, 2017, which vest incrementally in equal amounts on March 8, 2018, March 8, 2019 and March 8, 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.