0001415889-14-001666.txt : 20140523
0001415889-14-001666.hdr.sgml : 20140523
20140523213135
ACCESSION NUMBER: 0001415889-14-001666
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140521
FILED AS OF DATE: 20140523
DATE AS OF CHANGE: 20140523
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BANC OF CALIFORNIA, INC.
CENTRAL INDEX KEY: 0001169770
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 043639825
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 18500 VON KARMAN
CITY: IRVINE
STATE: CA
ZIP: 92612
BUSINESS PHONE: 949-236-5211
MAIL ADDRESS:
STREET 1: 18500 VON KARMAN
CITY: IRVINE
STATE: CA
ZIP: 92612
FORMER COMPANY:
FORMER CONFORMED NAME: FIRST PACTRUST BANCORP INC
DATE OF NAME CHANGE: 20020322
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sugarman Steven
CENTRAL INDEX KEY: 0001504590
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35522
FILM NUMBER: 14868342
MAIL ADDRESS:
STREET 1: C/O FIRST PACTRUST BANCORP INC
STREET 2: 610 BAY BOULEVARD
CITY: CHULA VISTA
STATE: CA
ZIP: 91910
4
1
form4-05232014_060526.xml
X0306
4
2014-05-21
0001169770
BANC OF CALIFORNIA, INC.
BANC
0001504590
Sugarman Steven
C/O BANC OF CALIFORNIA, INC.
18500 VON KARMAN AVE, SUITE 1100
IRVINE
CA
92612
true
true
false
false
CEO AND CHAIRMAN OF BOARD
Common Stock
2014-05-23
4
P
0
35000
10.38
A
35000
I
By the Steven and Ainslie Sugarman Family Irrevocable Trust
Common Stock
33806
I
By Steven and Ainslie Sugarman Living Trust
Common Stock
40
I
By Cole Sugarman Roth IRA
Common Stock
75263.5368
D
Common Stock
7500
I
By Charles Schwab & Co Inc., Cust Sugarman Enterprises, Inc. 401K FBO Ainslie Sugarman
Common Stock
400
I
By Hailey Sugarman Roth IRA
Common Stock
1475
I
By Sierra Sugarman Roth IRA
Common Stock
2000
I
By Steven Sugarman Roth IRA
Common Stock
4282
I
By Ainslie Sugarman Roth IRA
Stock Appreciation Rights
10.09
2014-05-21
4
A
0
300219
0
A
2017-05-21
2022-08-22
Common Stock
300219
300219
D
Stock Appreciation Rights
10.09
2014-05-21
4
A
0
252023
0
A
2022-08-22
Common Stock
252023
552242
D
Stock Option (Right to Purchase)
15.81
2012-06-27
2021-06-27
Common Stock
16165
16165
D
Warrant to Purchase Class B Non-Voting Common Stock
11
Class B Non-Voting Common Stock
960000
960000
I
By Steven and Ainslie Sugarman Living Trust
Stock Appreciation Rights
12.83
2022-08-22
Common Stock
70877
70877
D
Stock Appreciation Rights
13.06
2022-08-22
Common Stock
150993
150993
D
Stock Appreciation Rights
13.60
2022-08-22
Common Stock
88366
88366
D
Stock Appreciation Rights
12.12
2022-08-22
Common Stock
500000
500000
D
Stock Appreciation Rights
13.55
2022-08-22
Common Stock
15275
15275
D
Mr. Sugarman's minor children are the sole beneficiaries of the Steven and Ainslie Family Irrevocable Trust and his wife owns certain life interests.
These stock appreciation rights ("SARs") were issued to Mr. Sugarman in connection with the closing of an offering of the Issuer's 8.00% Tangible Equity Units. Each Tangible Equity Unit is composed of a prepaid stock purchase contract (each, a "Purchase Contract") and a junior subordinated amortizing note issued by the Issuer. The number of shares underlying these SARs is subject to adjustment and therefore certain of these SARs are subject to forfeiture.
Subject to earlier vesting to the extent of and upon the early settlement of the respective Purchase Contracts in accordance with the settlement rates set forth in such Purchase Contracts.
Mr. Sugarman received these SARs pursuant to the terms and conditions of his employment agreement with the Issuer, and, accordingly, paid no consideration for the receipt thereof.
Two-thirds of these SARs are currently vested, and the remaining one-third is scheduled to vest on August 21, 2014.
Warrants vested in accordance with the following schedule: 50,000 shares vested on October 11, 2011 and the remainder vested in seven equal quarterly installments, beginning January 1, 2012.
Warrants expire five years from the date vested.
/s/ Richard Herrin, Attorney-in-Fact
2014-05-23