SEC Form 4 · accession 0001127602-15-002471
PRIVATEBANCORP, INC · PVTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce S. Lubin
Officer — Pres. of IL Commercial Banking
Period of report
Jan 21, 2015
Accepted (ET)
Jan 22, 2015 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000889936
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 21, 2015 | A | 2,710 | $0.00 | A | 121,884 | D | |
| Common Stock | holding | — | — | — | 1,485 | I | Held by daughter |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the minimum number of shares of common stock that have become issuable under PSU grants awarded to the reporting person in March 2013. The performance period for the PSUs is January 1, 2013 through December 31, 2015. Because the Issuer's 2-year cumulative EPS performance through December 31, 2014 is determined to have exceeded a pre-determined threshold, upon vesting the reporting person is eligible to receive, at a minimum, the number of shares reported in the table, which amount equals 50% of the target number of shares underlying the PSU. Vesting of the award is generally subject to continued employment through the vesting date in 2016. The terms of the PSUs are more fully described in the Issuer's Form 8-K dated March 26, 2013.