0001140361-24-018414.txt : 20240405 0001140361-24-018414.hdr.sgml : 20240405 20240405180743 ACCESSION NUMBER: 0001140361-24-018414 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240401 FILED AS OF DATE: 20240405 DATE AS OF CHANGE: 20240405 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PEEPLES WILLIAM R CENTRAL INDEX KEY: 0001052744 ORGANIZATION NAME: STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23575 FILM NUMBER: 24827688 MAIL ADDRESS: STREET 1: 877 GWYNE AVE CITY: SANTA BARBARA STATE: CA ZIP: 93110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNITY WEST BANCSHARES / CENTRAL INDEX KEY: 0001051343 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 770446957 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 445 PINE AVE CITY: GOLETA STATE: CA ZIP: 93117 BUSINESS PHONE: 8056925821 MAIL ADDRESS: STREET 1: 445 PINE AVE CITY: GOLETA STATE: CA ZIP: 93117 4 1 form4.xml FORM 4 X0508 4 2024-04-01 true 0001051343 COMMUNITY WEST BANCSHARES / CWBC 0001052744 PEEPLES WILLIAM R 445 PINE AVE GOLETA CA 93117 true true false Common Stock 2024-04-01 4 D 0 807987 15.71 D 0 D Disposed of pursuant to the Agreement and Plan of Merger, dated as of October 10, 2023 (the "Merger Agreement"), by and between Central Valley Community Bancorp ("Central Valley") and Community West Bancshares (the "Company"), providing for the Company to merge (the "Merger") with and into Central Valley with Central Valley being the surviving entity. The Merger became effective at 12:01 a.m. on April 1, 2024 (the "Effective Time"), at which time (i) each share of Company common stock, other than excluded shares and dissenting shares, was converted into the right to receive 0.79 of a share of common stock of Central Valley, with cash to be paid in lieu of any fractional shares of common stock of Central Valley (the "Merger Consideration"); (to be continued). (Continued from Footnote (1)) (ii) each outstanding unvested Company restricted stock award automatically vested in full and became entitled to the Merger Consideration; and (iii) each outstanding unvested Company stock option automatically vested in full, and each outstanding stock option was substituted for a stock option issued by Central Valley for the right to receive a number of shares of Central Valley's common stock at an exercise price, both adjusted for the Merger Consideration. Based on the closing stock price of Central Valley as of March 28, 2024, or $19.89 per share of Central Valley common stock), the value of the Merger Consideration was $15.71 ($19.89 * $ 0.79). Also as of April 1, 2024, Central Valley changed its corporate name to Community West Bancshares. /s/ Nadia Young on behalf of William R. Peeples 2024-04-05