SEC Form 4 · accession 0001127602-17-015482
PRIVATEBANCORP, INC · PVTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Rybak
Director
Period of report
Apr 24, 2017
Accepted (ET)
Apr 26, 2017 · 7:38 am 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 | Apr 24, 2017 | M | 3,000 | $33.73 | A | 43,820 | D | |
| Common StockF1 | Apr 24, 2017 | F | 1,610 | $58.68 | D | 42,210 | D | |
| Common Stock | holding | — | — | — | 2,610 | I | Held By Spouse |
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)F2 | $33.73 | Apr 24, 2017 | M | 3,000 | D | — | Apr 26, 2017 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Represents partial payment of the aggregate exercise price of the stock option through the attestation of previously-owned shares, as permitted by the terms of the award agreement. The remainder of the aggregate exercise price was paid in cash. The price is equal to the FMV of the common stock on the date of exercise and is used to determine the portion of the aggregate exercise price paid by the shares deemed delivered to the Company by attestation of previously owned shares and the residual amount of cash paid to satisfy in full the aggregate exercise price.
- F2One-third of the options vested each year on the anniversary of the date of grant and were fully vested after three years from the date of the grant.