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Filing Details

Accession Number:: 0001179110-20-002819
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-03 16:26:41
Reporting Period:: 2020-02-28

Accepted Time:: 2020-03-03 16:26:41
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
1179862	D Christopher Blake	9701 Wilshire Boulevard, Suite 700 Beverly Hills CA 90212	Pres. & Ceo, Community Banking	No	Yes	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	2020-02-28	2,595	$31.64	48,145	No	4	F	Direct
Common Stock	Disposition	2020-02-28	2,659	$31.64	45,486	No	4	F	Direct
Common Stock	Acquisiton	2020-03-02	4,740	$31.70	30,813	No	4	P	Indirect	By Family Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	F	Direct
No	4	F	Direct
No	4	P	Indirect	By Family Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	281	Indirect	By IRA
Common Stock	222	Indirect	By Spouse's IRA

Footnotes

Represents the number of shares of Issuer's common stock that Reporting Person surrendered to Issuer for the satisfaction of Reporting Person's tax withholding obligations upon the vesting of 5,366 shares of restricted stock on February 28, 2020.
Reflects market closing price on February 28, 2020.
On February 15, 2017, Reporting Person was granted performance restricted stock units ("PRSUs"). Vesting of the PRSUs was conditioned upon the achievement of certain performance goals and an employment condition. On February 12, 2020, actual performance against goals for the applicable performance period was determined and the Reporting Person was awarded 5,526 shares of Issuer's common stock to vest on February 28, 2020 subject to the Reporting Person's satisfaction of the employment condition. The amount reported in column 4 represents the number of shares of Issuer's common stock that Reporting Person surrendered to Issuer for the satisfaction of Reporting Person's tax withholding obligations upon the vesting of the 5,526 shares of Issuer's common stock on February 28, 2020.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $31.67 to $31.70, 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 purchased at each separate price within the range set forth in footnote (4) to this Form 4.