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