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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1109546	Pacific Mercantile Bancorp	PMBC	National Commercial Banks (6021)	330898238

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1134119	Clinton Group Inc	601 Lexington Ave. 51St Floor New York NY 10022		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-05-15	119,480	$6.40	1,409,774	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote

Footnotes

SBAV LP ("SBAV") directly owns 1,409,774 shares of common stock into which shares of Series B-2 Convertible 8.4% Noncumulative Preferred Stock are convertible. SBAV also directly owns (i) 15,821 shares of Series C Convertible 8.4% Noncumulative Preferred Stock which are only convertible into shares of common stock upon transfers to certain eligible transferees (and not convertible by SBAV) and (ii) warrants for the purchase of 352,444 shares of common stock which are only exercisable by SBAV upon certain conditions precedent being met. Clinton Group, Inc. ("Clinton") is deemed to be the indirect beneficial owner of the securities reported herein by reason of its position as investment manager of SBAV. Clinton disclaims beneficial ownership of any and all such securities in excess of their actual pecuniary interest.