Filing Details

Accession Number:
0001127602-17-021304
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-06-13 16:17:57
Reporting Period:
2017-06-09
Filing Date:
2017-06-13
Accepted Time:
2017-06-13 16:17:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
889936 Privatebancorp Inc PVTB State Commercial Banks (6022) 363681151
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1228101 Norman Bobins C/O Privatebancorp, Inc.
120 S. Lasalle Street
Chicago IL 60603
Yes 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
Common Stock Disposition 2017-05-18 26,025 $0.00 63,675 No 5 G Direct
Common Stock Disposition 2017-05-24 40,821 $0.00 22,854 No 5 G Direct
Common Stock Acquisiton 2017-06-09 62,500 $26.64 85,354 No 4 M Direct
Common Stock Disposition 2017-06-09 29,383 $60.45 55,971 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 G Direct
No 5 G Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2017-06-09 62,500 $0.00 62,500 $26.64
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2018-07-07 No 4 M Direct
Footnotes
  1. These shares were sold in connection with the stock option exercise reported on this form in order to pay the exercise price and related tax obligations upon exercise.
  2. Reflects the weighted average sales price of multiple transactions reported on this line. The shares were sold at prices that ranged from $60.31 to $60.52. Upon request of the SEC staff, the issuer or a security holder of the issuer, the reporting person will provide information regarding the number of shares sold at each separate price.
  3. Options were granted on July 7, 2008. One-half, or 50,000, of the stock options were subject to time-vesting requirements and vested in equal portions on each December 31 of the years 2008, 2009, and 2010. The remaining 50,000 stock options vested in equal portions over five years subject to the achievement of specific performance targets.
  4. Of the 100,000 options originally granted in 2008, 50,000 vested based on time-vesting requirements and 12,500 of the total 50,000 performance-vested options vested due to the reporting person remaining on the board through December 31, 2012, pursuant to the terms of the options providing for minimum vesting at 25%. The remaining 37,500 performance-vested options did not vest due to failure to achieve specific performance targets.