Filing Details

Accession Number:
0001415889-16-006384
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-07-06 19:15:16
Reporting Period:
2016-06-17
Filing Date:
2016-07-06
Accepted Time:
2016-07-06 19:15:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1169770 Banc Of California Inc. BANC National Commercial Banks (6021) 043639825
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1514243 T Jeffrey Seabold C/O Banc Of California, Inc.
18500 Von Karman Ave, Suite 1100
Irvine CA 92612
Evp, Chief Banking Officer No 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
Class B Non-Voting Stock Acquisiton 2016-06-17 130,000 $8.84 221,066 No 4 X Direct
Class B Non-Voting Stock Disposition 2016-06-17 59,225 $19.40 161,841 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 X Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Non-Voting Common Stock Warrant to purchase Class B Non-Voting Common Stock Disposition 2016-06-17 130,000 $0.00 210,000 $8.84
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
80,000 No 4 X Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 170,627 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Option (Right to Purchase) $15.81 2012-06-27 2021-06-27 16,713 16,713 Direct
Common Stock Stock Option $13.10 2023-05-13 100,000 100,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2021-06-27 16,713 16,713 Direct
2023-05-13 100,000 100,000 Direct
Footnotes
  1. The exercise price of this warrant was subject to certain automatic adjustments in accordance with the terms of the warrant. Based on these automatic adjustments to the original $11.00 exercise price, it was determined that the exercise price for these warrants was $8.84 on the transaction date.
  2. Warrants exercised on a cashless basis, resulting in the Issuer withholding 59,225 of the warrant shares to pay the exercise price, and issuing to the Reporting Person the remaining 70,775 shares.
  3. Warrants became exercisable as follows: (i) 130,000 shares became exercisable on July 1, 2011; and (ii) 80,000 shares became exercisable on October 1, 2011. Shares are exercisable with respect to each vested tranche for five years after the tranche's vesting date.
  4. Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018.