SEC Form 4 · accession 0001518715-18-000105
Mechanics Bancorp · MCHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paulette Lemon
Officer — EVP - Retail Banking Director
Period of report
Mar 14, 2018
Accepted (ET)
Mar 15, 2018 · 7:06 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 | Mar 14, 2018 | M | 544 | $0.00 | A | 4,825 | D | |
| Common StockF2 | holding | — | — | — | 2,401 | I | HomeStreet, Inc. 401(k) Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF3,F1 | — | Mar 14, 2018 | M | 544 | D | — | — | Common Stock | 544 | 0 | D |
Explanation of responses
- F1Shares of common stock of HomeStreet, Inc. ("HomeStreet") were issued to the reporting person without payment of any consideration in connection with the vesting of a Performance Share Unit award ("PSU") granted to the reporting person on January 29, 2015. The number of shares issued on the vesting of the PSU was determined based on the achievement of certain performance factors set forth in the PSU. This PSU was previously reported on a Form 4 filed February 2, 2015 with a maximum award amount of 1,323 shares. Any portion of the award not vested terminated as of the date of this issuance.
- F2Based on a plan statement dated as of February 28, 2018. Participants 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.
- F3Each PSU represents a contingent right to receive one share of HomeStreet common stock.