Filing Details
- Accession Number:
- 0001562180-21-006532
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-10-19 15:53:33
- Reporting Period:
- 2021-10-18
- Accepted Time:
- 2021-10-19 15:53:33
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1109546 | Pacific Mercantile Bancorp | PMBC | National Commercial Banks (6021) | 330898238 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1666927 | Tom Wagner | 949 South Coast Drive Third Floor Costa Mesa CA 92626 | Evp, Corporate Finance | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2021-10-18 | 13,990 | $9.31 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 2021-10-18 | 4,336 | $9.31 | 4,336 | $8.40 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2021-10-18 | 11,330 | $9.31 | 11,330 | $6.87 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2021-10-18 | 5,167 | $9.31 | 5,167 | $7.10 |
| Common Stock | Stock Options (Right to buy) | Disposition | 2021-10-18 | 23,588 | $9.31 | 23,588 | $6.77 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2028-02-23 | No | 4 | S | Direct | |
| 0 | 2024-08-21 | No | 4 | S | Direct | |
| 0 | 2025-02-17 | No | 4 | S | Direct | |
| 0 | 2026-02-16 | No | 4 | S | Direct |
Footnotes
- Pursuant to the Merger Agreement by and between Pacific Mercantile Bancorp and Banc of California, Inc. dated March 22, 2021 (the "Agreement"), all vested shares of Pacific Mercantile Bancorp will be converted to Banc of California, Inc. shares at a 2:1 ratio. The vesting of all options, RSAs and RSUs (the "Incentives") were accelerated and cashed out upon the close of the merger that occurred on October 18, 2021. The price per share used to cash out these Incentives was $9.31, and was determined pursuant to the Agreement.
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