SEC Form 4 · accession 0001127602-17-021423

PRIVATEBANCORP, INC · PVTB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Kevin Van Solkema

Officer — Chief Risk Officer

Period of report

Jun 12, 2017

Accepted (ET)

Jun 14, 2017 · 4:35 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
Common Stock	Jun 12, 2017	M	39,062	$36.75	A	126,087	D
Common Stock	Jun 12, 2017	M	14,440	$14.99	A	140,527	D
Common Stock	Jun 12, 2017	M	16,610	$14.39	A	157,137	D
Common Stock	Jun 12, 2017	M	14,830	$17.95	A	171,967	D
Common Stock	Jun 12, 2017	M	6,127	$27.94	A	178,094	D
Common Stock^F1	Jun 12, 2017	S	91,069	$60.29	D	87,025	D
Common Stock^F2	Jun 12, 2017	S	24,567	$60.54	D	62,458	D
Common Stock	Jun 12, 2017	G	13,335	$0.00	D	49,123	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Option (Right to Buy)^F4,F3	$36.75	Jun 12, 2017	M	39,062	D	—	Feb 1, 2018	Common Stock	39,062	D
Option To Purchase Common Stock^F5	$14.99	Jun 12, 2017	M	14,440	D	—	Apr 1, 2021	Common Stock	14,440	D
Option To Purchase Common Stock^F6	$14.39	Jun 12, 2017	M	16,610	D	—	Feb 22, 2022	Common Stock	16,610	D
Option To Purchase Common Stock	$17.95	Jun 12, 2017	M	14,830	D	Mar 1, 2016	Feb 22, 2023	Common Stock	14,830	D
Option To Purchase Common Stock	$27.94	Jun 12, 2017	M	6,127	D	Mar 1, 2017	Feb 21, 2024	Common Stock	6,127	D

Explanation of responses

F1Reflects the weighted average sales price of multiple transactions reported on this line. The shares were sold at prices that ranged from $60.16 to $60.39. 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.
F2Reflects the weighted average sales price of multiple transactions reported on this line. The shares were sold at prices that ranged from $60.52 to $60.57. 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 February 1, 2008. Fifty percent were scheduled to vest upon achievement of specific performance targets. The remaining 50% vested 20% every year on the anniversary of the date of grant and became fully vested after five years.
F4Of the 62,500 options originally granted in 2008, 31,250 vested based on time-vesting requirements and 7,812 of the total 31,250 performance-vested options vested pursuant to the terms of the options providing for minimum vesting at 25%. The remaining 23,438 performance-vested options did not vest due to failure to achieve specific performance targets.
F5Options were granted on April 1, 2011, one-third of which vested on the anniversary date in each of 2012, 2013 and 2014.
F6Options were granted on February 22, 2012 as part of the reporting person's 2012 long-term incentive award, one-third of which vested on March 1 of each of 2013, 2014 and 2015.