SEC Form 4 · accession 0001620863-17-000065
TRICO BANCSHARES / · TCBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard B Osullivan
Officer — EVP Wholesale Banking
Period of report
May 23, 2017
Accepted (ET)
Jun 5, 2017 · 6:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000356171
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 5, 2017 | J | 0 | $0.00 | A | 164,918 | D | |
| Common Stock | Jun 5, 2017 | J | 0 | $0.00 | A | 45,065 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | May 23, 2017 | A | 1,172 | A | — | May 24, 2021 | Common Stock | 1,172 | 3,952 | D |
| Performance Stock UnitF3 | — | May 23, 2017 | A | 1,172 | A | — | May 25, 2020 | Common Stock | 1,172 | 5,777 | D |
Explanation of responses
- F1No transaction occurred among these shares. Intended only to reflect number of shares beneficially owned.
- F2Represents the grant of Restricted Stock Units. The shares vest as follows: 25% on May 23rd 2018, 25% on May 23rd 2019, 25% on May 25th 2020, and 25% May 24th 2021
- F3Represents performance-based restricted stock units (PSUs) that will vest between 0% and 150% of the target number of shares ( the number of shares listed in box 4) based on May 25th, 2020 based on the issuers total stockholder return relative to the KBW Regional Banking Index. The PSUs were issued to the Reporting person pursuant to the issuers 2009 Equity Incentive Plan and Performance Award agreement and are subject to the forfeitures, accelerated vesting and other restrictions as set forth in the plan and the agreement.