0001562180-21-006587.txt : 20211020 0001562180-21-006587.hdr.sgml : 20211020 20211020141626 ACCESSION NUMBER: 0001562180-21-006587 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211018 FILED AS OF DATE: 20211020 DATE AS OF CHANGE: 20211020 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dinsmore Bradford R CENTRAL INDEX KEY: 0001536413 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30777 FILM NUMBER: 211333741 MAIL ADDRESS: STREET 1: 303 PEACHTREE STREET, NE CITY: ATLANTA STATE: GA ZIP: 30308 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC MERCANTILE BANCORP CENTRAL INDEX KEY: 0001109546 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 330898238 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 949 SOUTH COAST DRIVE STREET 2: THIRD FLOOR CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 714-438-2500 MAIL ADDRESS: STREET 1: 949 SOUTH COAST DRIVE STREET 2: THIRD FLOOR CITY: COSTA MESA STATE: CA ZIP: 92626 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2021-10-18 true 0001109546 PACIFIC MERCANTILE BANCORP PMBC 0001536413 Dinsmore Bradford R 949 SOUTH COAST DRIVE THIRD FLOOR COSTA MESA CA 92626 false true false false Chief Executive Officer Common Stock 2021-10-18 4 S false 141705.00 9.31 D 0.00 D Restricted Stock Unit 2021-10-18 4 S false 75000.00 9.31 D Common Stock 75000.00 0.00 D Stock Options (Right to buy) 7.33 2021-10-18 4 S false 250000.00 9.31 D 2029-09-03 Common Stock 250000.00 0.00 D 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. Each RSU represents a contingent right to receive one share of the issuer's common stock upon settlement. /s/ Curt A. Christianssen, as attorney in fact for Bradford R Dinsmore 2021-10-19