SEC Form 4 · accession 0001518715-19-000018
Mechanics Bancorp · MCHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary L Vincent
Officer — EVP - Chief Risk Officer
Period of report
Jan 26, 2019
Accepted (ET)
Jan 29, 2019 · 8:24 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, 2019 | M | 278 | $0.00 | A | 14,401 | D | |
| Common StockF2 | Jan 26, 2019 | F | 83 | $24.32 | D | 14,318 | D | |
| Common StockF3 | Jan 28, 2019 | M | 358 | $0.00 | A | 14,676 | D | |
| Common StockF2 | Jan 28, 2019 | F | 107 | $24.55 | D | 14,569 | 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, 2019 | M | 278 | D | — | — | Common Stock | 278 | 1,851 | D |
| Restricted Stock UnitsF7,F4,F6 | — | Jan 28, 2019 | M | 358 | D | — | — | Common Stock | 358 | 1,493 | D |
Explanation of responses
- F1Common stock acquired upon vesting of Restricted Stock Units ("RSUs") granted on January 26, 2017.
- F2Restricted stock award subject to vesting based upon an increase in the price of the common stock in comparison to the price at which common stock was issued in the company's initial public offering.
- F3Common stock acquired upon vesting of RSUs granted on January 28, 2016.
- 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 834 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 1,074 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.
- F7As of January 28, 2019, the reporting person's remaining RSUs includes 278 RSUs granted on January 26, 2017, which vest on January 26, 2020, and 1,215 RSUs granted on January 29, 2018, 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.