SEC Form 4 · accession 0001518715-18-000276
Mechanics Bancorp · MCHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Ederer
Director
Period of report
Oct 5, 2018
Accepted (ET)
Oct 9, 2018 · 6:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001518715
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Oct 5, 2018 | A | 886 | A | — | — | Restricted Stock Units | 886 | 1,716 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("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.
- F2RSUs issued are based on Directors' compensation policy paid quarterly. RSUs are fully vested awards of a number of shares of stock that are delivered in stock at the time a Director leaves the Board or at a stated date elected by the Director, whichever is earlier. The reporting person has elected that this RSU shall vest when he leaves the Board. No additional consideration is paid for the vesting of a restricted stock unit.