SEC Form 4 · accession 0001127602-17-021427
PRIVATEBANCORP, INC · PVTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin M Killips
Officer — Chief Financial Officer
Period of report
Jun 12, 2017
Accepted (ET)
Jun 14, 2017 · 4:41 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 | Jun 12, 2017 | M | 42,641 | $14.30 | A | 217,503 | D | |
| Common Stock | Jun 12, 2017 | M | 24,547 | $14.99 | A | 242,050 | D | |
| Common Stock | Jun 12, 2017 | M | 23,958 | $17.95 | A | 266,008 | D | |
| Common Stock | Jun 12, 2017 | M | 9,191 | $27.94 | A | 275,199 | D | |
| Common StockF1 | Jun 12, 2017 | S | 100,337 | $60.33 | D | 174,862 | 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)F2 | $14.30 | Jun 12, 2017 | M | 42,641 | D | — | Feb 10, 2019 | Common Stock | 42,641 | 0 | D |
| Option To Purchase Common StockF3 | $14.99 | Jun 12, 2017 | M | 24,547 | D | — | Apr 1, 2021 | Common Stock | 24,547 | 0 | D |
| Option To Purchase Common Stock | $17.95 | Jun 12, 2017 | M | 23,958 | D | Mar 1, 2016 | Feb 22, 2023 | Common Stock | 23,958 | 0 | D |
| Option To Purchase Common Stock | $27.94 | Jun 12, 2017 | M | 9,191 | D | Mar 1, 2017 | Feb 21, 2024 | Common Stock | 9,191 | 0 | 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 $60.58. 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.
- F2Options were granted on February 10, 2009 and vested 25% every year on the anniversary of the grant date and became fully vested after four years from the date of grant.
- F3Options were granted on April 1, 2011, which were originally scheduled to vest one-third on the anniversary date in each of 2012, 2013 and 2014. Due to TARP restrictions, the terms of the options were amended so that they vested 100% on December 29, 2011.