SEC Form 4 · accession 0001620863-18-000049
TRICO BANCSHARES / · TCBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard P Smith
Officer — CEO & President · Director
Period of report
Jun 19, 2018
Accepted (ET)
Jun 20, 2018 · 7:56 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 19, 2018 | J | 0 | $0.00 | A | 192,525 | D | |
| Common Stock | Jun 19, 2018 | J | 0 | $0.00 | A | 32,348 | 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 | — | Jun 19, 2018 | A | 3,965 | A | — | — | Common Stock | 3,965 | 12,716 | D |
| Performance Stock UnitsF3 | — | Jun 19, 2018 | A | 3,965 | A | — | — | Common Stock | 3,965 | 13,415 | D |
Explanation of responses
- F1No transaction occurred among these shares. Intended only to reflect number of shares beneficially owned.
- F2Restricted Stock Unit (RSU) award that vests 25% per year over a four-year beginning on June, 19 2019. Cash dividends on RSUs are reinvested in additional units at fair market value on the date of a dividend payment on Issuer common stock. Per share value of RSUs on date of grant was $38.46 (based on the 30-day average closing price of Issuer's common stock).
- F3Performance-based restricted stock unit (PSU) grant that cliff vests after three years between 0% and 150% of the target number of shares (the number of shares listed in box 5) based on the Issuers total stockholder return relative to the KBW Regional Banking Index.