SEC Form 4 · accession 0001127602-16-040268
PRIVATEBANCORP, INC · PVTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard Wiatr
Officer — Chief Risk Officer
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 6:49 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 | Feb 5, 2016 | A | 3,847 | $0.00 | A | 52,828 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the additional number of shares of common stock that have become issuable based on achievement of a pre-established 3-year (2013-2015) EPS metric under PSUs granted to the reporting person in March 2013. A further 1,923 shares of common stock issuable under the PSUs were previously reported on a Form 4, filed with the SEC on January 22, 2015, due to the Issuer's EPS performance during the first 2 years of the performance period. The Compensation Committee of the Issuer's Board of Directors certified that the Issuer achieved financial performance levels which will result in vesting of the PSUs at 150% of target on February 28, 2015, subject to continued employment by the reporting person with the Issuer to that date. Based on the terms of the award, distribution of the aggregate 5,770 shares of common stock underlying the PSUs is generally deferred for an additional 2 years after vesting.