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