SEC Form 4 · accession 0001140361-16-060319
HERITAGE OAKS BANCORP · HEOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simone Lagomarsino
Officer — President / CEO · Director
Period of report
Feb 24, 2016
Accepted (ET)
Apr 5, 2016 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921547
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF1,F2 | Feb 24, 2016 | D | 10,162 | $7.71 | A | 13,246 | I | Restricted stock - performance based |
| Common stock | Apr 1, 2016 | A | 6,706 | $7.80 | A | 19,952 | I | Restricted stock |
| Common stock | holding | — | — | — | 103,254 | 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 | $7.84 | holding | — | — | — | Mar 2, 2016 | Mar 2, 2025 | Common stock | 66,882 | 148,803 | D |
| Stock option | $7.65 | holding | — | — | — | Feb 3, 2015 | Feb 3, 2024 | Common stock | 81,921 | 81,921 | D |
Explanation of responses
- F1Forfeiture of 7,080 shares of performance-based Restricted Stock Award. On February 24, 2016, the compensation committee determined that the required performance goals for 2015 (1/3 of the initial award) were not met. Initial award was on 2/1/2014.
- F2Forfeiture of 3,082 shares of performance-based Restricted Stock Award. On February 24, 2016, the compensation committee determined that the required performance goals for 2015 (1/3 of the initial award) were not met. Initial award was on 3/2/2015.
- F3Restricted stock grant pursuant to 2015 Equity Incentive Plan. The shares are subject to forfeiture. The shares vest equally over a three year vesting schedule beginning April 1, 2017.