0001628280-24-015206.txt : 20240408
0001628280-24-015206.hdr.sgml : 20240408
20240408151937
ACCESSION NUMBER: 0001628280-24-015206
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240401
FILED AS OF DATE: 20240408
DATE AS OF CHANGE: 20240408
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dobyns Tom
CENTRAL INDEX KEY: 0001712037
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-31977
FILM NUMBER: 24829379
MAIL ADDRESS:
STREET 1: 445 PINE AVENUE
CITY: GOLETA
STATE: CA
ZIP: 93117
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Community West Bancshares
CENTRAL INDEX KEY: 0001127371
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 770539125
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 7100 N. FINANCIAL DRIVE, #101
CITY: FRESNO
STATE: CA
ZIP: 93720
BUSINESS PHONE: 559-298-1775
MAIL ADDRESS:
STREET 1: 7100 N. FINANCIAL DRIVE, #101
CITY: FRESNO
STATE: CA
ZIP: 93720
FORMER COMPANY:
FORMER CONFORMED NAME: CENTRAL VALLEY COMMUNITY BANCORP
DATE OF NAME CHANGE: 20001117
4
1
wk-form4_1712603968.xml
FORM 4
X0508
4
2024-04-01
0
0001127371
Community West Bancshares
CWBC
0001712037
Dobyns Tom
7100 N FINANCIAL DRIVE, SUITE 101
FRESNO
CA
93720
1
0
0
0
0
CWBC - Common Stock
2024-04-01
4
A
0
3555
A
3555
D
CWBC - Stock Option
13.08
2024-04-01
4
A
0
3950
A
2024-04-01
2027-08-24
CWBC - Common Stock
3950
3950
D
CWBC - Stock Option
14.85
2024-04-01
4
A
0
2370
A
2024-04-01
2028-10-25
CWBC - Common Stock
2370
6320
D
CWBC - Stock Option
8.79
2024-04-01
4
A
0
2370
A
2024-04-01
2030-04-29
CWBC - Common Stock
2370
8690
D
Received in exchange for 4,500 shares of Community West Bancshares common stock in connection with the merger of Community West Bancshares with and into Central Valley Community Bancorp, (the "Merger") based on the exchange ratio of 0.79 shares of CVCY common stock for each share of Community West Bancshares common stock. On the effective date of the Merger, the closing price of Central Valley Community Bancorp common stock was $19.89 per share. In connection with the merger, the name of Central Valley Community Bancorp was changed to Community West Bancshares and the NASDAQ trading symbol was change to CWBC.
Each stock option was issued in substitution for a stock option issued by the Community West Bancshares for a number of shares of Central Valley 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 ($19.89 per share of Central Valley common stock), the value of the merger consideration was $15.71 ($19.89 * $ 0.79). The exercise price was further adjusted as required by sections 409A and 424 of the Internal Revenue Code.
/s/ Shannon Livingston, Attorney-in-Fact for Tom L. Dobyns
2024-04-08