SEC Form 4 · accession 0001127602-16-065401
PRIVATEBANCORP, INC · PVTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C. Brant Ahrens
Officer — President, Personal Client Ser
Period of report
Oct 26, 2016
Accepted (ET)
Oct 27, 2016 · 6:20 pm EDT
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 Stock | Oct 26, 2016 | M | 39,062 | $26.10 | A | 98,373 | D | |
| Common StockF1,F2 | Oct 26, 2016 | S | 29,425 | $45.45 | D | 68,948 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $26.10 | Oct 26, 2016 | M | 39,062 | D | — | Nov 1, 2017 | Common Stock | 39,062 | 0 | D |
Explanation of responses
- F1These shares were sold in connection with the stock option exercise reported on this form in order to pay the exercise price and related tax obligations upon exercise.
- F2Reflects the weighted average sales price of multiple transactions reported on this line. The shares were sold at prices that ranged from $45.35 to $45.54. Upon request of the SEC staff, the issuer or a security holder of the issuer, the reporting person will provide information regarding the number of shares sold at each separate price.
- F3Options were granted on November 1, 2007. 50% vested upon achievement of specific EPS growth targets. The remaining 50% vested 20% every year on the anniversary of the date of grant and fully vested after five years (i.e., as of November 1, 2012).