Home > Insider Trading > Filing (0001415889-16-007242)

Filing Details

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	Executive Vice President	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	2016-09-30	80,000	$8.80	241,841	No	4	X	Direct
Class B Non-Voting Stock	Disposition	2016-09-30	39,919	$17.63	201,992	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	2016-09-30	80,000	$0.00	80,000	$8.80

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	X	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	165,409	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

The exercise of the Reporting Person's warrant to purchase shares of the Issuer's Class B Non-Voting Stock reported herein was effected pursuant to a Rule 10b-5 trading plan, adopted by the Reporting Person on August 10, 2016.
The exercise price of this warrant is 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 has been determined that the exercise price for these warrants was $8.80 per share as of September 30, 2016.
Warrants exercised on a cashless basis, resulting in the Issuer withholding 39,919 of the warrant shares to pay the exercise price, and issuing to the Reporting Person the remaining 40,081 shares.
Warrants became exercisable on October 1, 2011, and was exercisable for a period of five years thereafter.
Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018.