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Filing Details

Accession Number:: 0001179110-15-014786
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-11-12 17:12:50
Reporting Period:: 2015-11-09

Filing Date:: 2015-11-12
Accepted Time:: 2015-11-12 17:12:50
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1102112	Pacwest Bancorp	PACW	National Commercial Banks (6021)	330885320

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1352198	Robert Paul Burke	10250 Constellation Blvd., Suite 1640 Los Angeles CA 90067		Yes	No	No	No

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	2015-11-09	162,000	$47.05	504,288	No	4	S	Indirect	Northaven group
Common Stock	Disposition	2015-11-10	293,900	$46.67	210,388	No	4	S	Indirect	Northaven group
Common Stock	Disposition	2015-11-11	91,900	$47.00	118,488	No	4	S	Indirect	Northaven group

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Northaven group
No	4	S	Indirect	Northaven group
No	4	S	Indirect	Northaven group

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	28,556	Indirect	By Northaven Partners, L.P.
Common Stock	17,481	Indirect	By Northaven Partners II, L.P.
Common Stock	1,775	Indirect	By Northaven Partners III, L.P.
Common Stock	2,855	Indirect	By Northaven Offshore Ltd.
Common Stock	67,821	Indirect	By Northaven Capital Partners, L.P.
Common Stock	3,976	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.68 to $47.50, inclusive. The reporting person undertakes to provide to PacWest Bancorp, any security holder of PacWest 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 range set forth in footnote (1) to this Form 4.
Represents the total number of shares owned by the five Northaven entities combined after giving effect to the reported transaction. A breakdown of the shares owned by each entity is set forth at the bottom of Table I.
Each of the five Northaven entities participated in the sales reported on this Form 4. Of the total 162,000 shares sold on November 9, 2015, Northaven Partners, L.P. sold 68,217 shares, Northaven Partners II, L.P. sold 9,278 shares, Northaven Partners III, L.P. sold 4,241 shares, Northaven Offshore Ltd. sold 6,820 shares, and Northaven Capital Partners, L.P. sold 73,444 shares.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.26 to $46.87, inclusive. The reporting person undertakes to provide to PacWest Bancorp, any security holder of PacWest 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 range set forth in footnote (4) to this Form 4.
Each of the five Northaven entities participated in the sales reported on this Form 4. Of the total 293,900 shares sold on November 10, 2015, Northaven Partners, L.P. sold 123,760 shares, Northaven Partners II, L.P. sold 16,832 shares, Northaven Partners III, L.P. sold 7,695 shares, Northaven Offshore Ltd. sold 12,372 shares, and Northaven Capital Partners, L.P. sold 133,241 shares.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.00 to $47.01, inclusive. The reporting person undertakes to provide to PacWest Bancorp, any security holder of PacWest 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 range set forth in footnote (6) to this Form 4.
Each of the five Northaven entities participated in the sales reported on this Form 4. Of the total 91,900 shares sold on November 11, 2015, Northaven Partners, L.P. sold 38,699 shares, Northaven Partners II, L.P. sold 5,263 shares, Northaven Partners III, L.P. sold 2,406 shares, Northaven Offshore Ltd. sold 3,869 shares, and Northaven Capital Partners, L.P. sold 41,663 shares.
Represents the total number of shares held by each respective Northaven entity after giving effect to the reported transactions.
Reporting person serves as a shareholder in Northaven Management, Inc., and is a member of Northaven Associates, LLC, the general partner of each of Northaven Partners, L.P., Northaven Partners II, L.P., Northaven Partners III, L.P., and Northaven Capital Partners, L.P., and the holder of the management shares of Northaven Offshore Ltd. As such, reporting person may be deemed to have beneficial ownership of the securities owned by these entities. Reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.