SEC Form 4 · accession 0001518715-18-000113

Mechanics Bancorp · MCHB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP - Res. Lending Director

Period of report

Mar 14, 2018

Accepted (ET)

Mar 16, 2018 · 1:50 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 Stock^F1	Mar 14, 2018	M	628	$0.00	A	10,698	D
Common Stock^F2	holding	—	—		—	22,183	I	Bennion Revocable Living Trust dated 12/19/02
Common Stock^F3	holding	—	—		—	0	I	HomeStreet, Inc. 401(k) Savings Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Share Units^F4,F1	$0.00	Mar 14, 2018	M	628	D	—	—	Common Stock	628	0	D

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 1,526 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.
F3Based 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.
F4Each PSU represents a contingent right to receive one share of HomeStreet common stock.