Home > Insider Trading > Filing (0000902664-15-004056)

Filing Details

Accession Number:: 0000902664-15-004056
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-10-29 17:27:40
Reporting Period:: 2015-10-27

Filing Date:: 2015-10-29
Accepted Time:: 2015-10-29 17:27:40
SEC Url:: Form 4 Filing

Issuer

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

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1134119	Clinton Group Inc	601 Lexington Ave. 51St Floor New York NY 10022	No	No	No	Yes
1519604	Sbav Lp	601 Lexington Avenue 51St Floor New York NY 10022	No	No	No	Yes
1566939	E. George Hall	C/O Clinton Group Inc, 601 Lexington Ave 51St Floor New York NY 10021	No	No	No	Yes
1627209	Sbav Gp Llc	C/O Clinton Group Inc. 601 Lexington Ave., 51St Fl. New York NY 10022	No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2015-10-27	11,600	$6.65	2,066,917	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2015-10-28	20,000	$6.66	2,046,917	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2015-10-29	100	$6.69	2,046,817	No	4	S	Indirect	See footnotes

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

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.6354 to $6.6496, inclusive. The Reporting Person undertakes to provide to Pacific Mercantile Bancorp, any security holder of Pacific Mercantile Bancorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (5) to this Form 4.
By virtue of (i) serving as the investment manager of SBAV LP, a Delaware limited partnership ("SBAV") and (ii) a sub-advisory agreement governing a mutual fund portfolio ("WKCAX"), Clinton Group, Inc., a Delaware corporation ("Clinton") has voting power and investment discretion with respect to the securities reported herein which are held by SBAV and WKCAX. By virtue of serving as the general partner of SBAV, SBAV GP (as defined below) has voting power and investment discretion with respect to the securities reported herein which are held by SBAV.
Mr. George Hall serves as the Chief Executive Officer of Clinton and as the managing member of SBAV GP, LLC, a Delaware limited liability company ("SBAV GP"). Mr. George E. Hall is deemed to be the indirect beneficial owner of such securities by virtue of his direct and indirect control of Clinton.
The Reporting Persons disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any Reporting Person is the beneficial owners of the securities for the purpose of Section 16 or for any other purpose, except to the extent of such Reporting Person's pecuniary interest therein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.6555 to $6.6608, inclusive.