SEC Form 4 · accession 0001140361-17-010377
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
Mar 2, 2017
Accepted (ET)
Mar 2, 2017 · 7:36 pm EST
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 stockF5,F4 | Mar 2, 2017 | D | 3,082 | $13.95 | D | 3,083 | I | Restricted stock |
| Common stockF4 | Mar 2, 2017 | A | 3,082 | $13.95 | A | 178,419 | D | |
| Common StockF1 | holding | — | — | — | 7,081 | I | Restricted stock - performance based | |
| Common stockF2 | holding | — | — | — | 6,165 | I | Restricted stock - performance based | |
| Common stockF3 | holding | — | — | — | 6,706 | I | Restricted stock |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ISO stock option | $7.65 | holding | — | — | — | Feb 3, 2015 | Feb 3, 2024 | Common stock | 39,213 | 39,213 | D |
| ISO stock option | $7.84 | holding | — | — | — | Mar 2, 2016 | Mar 2, 2025 | Common stock | 25,510 | 25,510 | D |
| NQ stock option | $7.84 | holding | — | — | — | Mar 2, 2016 | Mar 2, 2025 | Common stock | 19,078 | 19,078 | D |
Explanation of responses
- F1Performance-based Restricted Stock Award pursuant to the 2005 Equity Based Compensation Plan. This award is subject to forfeiture. This award vests 1/3 each year and vesting is dependent upon related performance conditions being achieved. Initial award was on 2/1/2014.
- F2Performance-based Restricted Stock Award pursuant to the 2005 Equity Based Compensation Plan. This award is subject to forfeiture. This award vests 1/3 of the initial award per year contingent upon related performance conditions being achieved. Initial award was on 3/2/2015.
- F3Restricted stock award pursuant to 2015 Equity Incentive Plan. This award is subject to forfeiture. The shares vest equally over a three year vesting schedule beginning April 1, 2017.
- F4Vesting of restricted stock award. Change from indirect to direct ownership. Taxes paid by executive.
- F5Restricted stock award pursuant to 2005 Equity Based Compensation Plan. This award is subject to forfeiture. The shares vest equally over a three year vesting schedule beginning March 2, 2016.