Home > Insider Trading > Filing (0001127602-16-067812)

Filing Details

Accession Number:: 0001127602-16-067812
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-18 17:56:32
Reporting Period:: 2016-11-17

Filing Date:: 2016-11-18
Accepted Time:: 2016-11-18 17:56:32
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1053352	Heritage Commerce Corp	HTBK	State Commercial Banks (6022)	770469558

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1197257	Iii M John Eggemeyer	Po Box 1329 Rancho Santa Fe CA 92067		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	2016-11-17	1,786,744	$11.76	1,916,927	No	4	S	Indirect	Indirect By Partnership

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Indirect By Partnership

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Standard Employee Option - NSO	$5.16	2011-06-16	2021-06-16	4,000	4,000	Indirect
Common Stock	Standard Employee Option - NSO	$6.39	2012-05-01	2022-05-01	4,000	4,000	Indirect
Common Stock	Standard Employee Option - NSO	$6.57	2013-04-30	2023-04-30	4,000	4,000	Indirect
Common Stock	Standard Employee Option - NSO	$8.07	2014-02-27	2024-02-27	4,000	4,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-06-16	4,000	4,000	Indirect
2022-05-01	4,000	4,000	Indirect
2023-04-30	4,000	4,000	Indirect
2024-02-27	4,000	4,000	Indirect

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.7501 to $12.2800, inclusive. The reporting person undertakes to provide to Heritage Commerce Corp, any security holder of Heritage Commerce Corp, 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.
The securities include 1,913,225 shares held by Fund IV. Castle Creek Capital IV LLC is the sole general partner of Fund IV. Accordingly, securities owned by Fund IV may be regarded as being beneficially owned by Castle Creek Capital IV LLC. John M. Eggemeyer is a Managing Principal of Castle Creek Capital IV LLC. Accordingly, securities owned or deemed to be owned by Castle Creek Capital IV LLC may be regarded as being beneficially owned by Mr. Eggemeyer. The securities also include 3,702 shares of restricted stock subject to vesting granted to Castle Creek Advisors IV LLC ("Advisors IV") on behalf of Mr. Eggemeyer. Mr. Eggemeyer is a managing principal of Advisors IV. Accordingly, securities owned by Advisors IV may be regarded as being beneficially owned by Mr. Eggemeyer. Mr. Eggemeyer 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.
The securities are held by Castle Creek Capital Partners IV, LP ("Fund IV"). Castle Creek Capital IV LLC is the sole general partner of Fund IV. Accordingly, securities owned by Fund IV may be regarded as being beneficially owned by Castle Creek Capital IV LLC. John M. Eggemeyer is a Managing Principal of Castle Creek Capital IV LLC. Accordingly, securities owned or deemed to be owned by Castle Creek Capital IV LLC may be regarded as being beneficially owned by Mr. Eggemeyer. Mr. Eggemeyer 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.