0001415889-16-006384.txt : 20160706 0001415889-16-006384.hdr.sgml : 20160706 20160706191516 ACCESSION NUMBER: 0001415889-16-006384 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160617 FILED AS OF DATE: 20160706 DATE AS OF CHANGE: 20160706 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: Seabold Jeffrey T CENTRAL INDEX KEY: 0001514243 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35522 FILM NUMBER: 161755223 MAIL ADDRESS: STREET 1: C/O FIRST PACTRUST BANCORP INC STREET 2: 610 BAY BOULEVARD CITY: CHULA VISTA STATE: CA ZIP: 91910 4 1 form4-07062016_040706.xml X0306 4 2016-06-17 0001169770 BANC OF CALIFORNIA, INC. BANC 0001514243 Seabold Jeffrey T C/O BANC OF CALIFORNIA, INC. 18500 VON KARMAN AVE, SUITE 1100 IRVINE CA 92612 false true false false EVP, CHIEF BANKING OFFICER Class B Non-Voting Stock 2016-06-17 4 X 0 130000 8.84 A 221066 D Class B Non-Voting Stock 2016-06-17 4 S 0 59225 19.40 D 161841 D Common Stock 170627 D Warrant to purchase Class B Non-Voting Common Stock 8.84 2016-06-17 4 X 0 130000 0 D Class B Non-Voting Common Stock 210000 80000 D Stock Option (Right to Purchase) 15.81 2012-06-27 2021-06-27 Common Stock 16713 16713 D Stock Option 13.10 2023-05-13 Common Stock 100000 100000 D The exercise price of this warrant was subject to certain automatic adjustments in accordance with the terms of the warrant. Based on these automatic adjustments to the original $11.00 exercise price, it was determined that the exercise price for these warrants was $8.84 on the transaction date. Warrants exercised on a cashless basis, resulting in the Issuer withholding 59,225 of the warrant shares to pay the exercise price, and issuing to the Reporting Person the remaining 70,775 shares. Warrants became exercisable as follows: (i) 130,000 shares became exercisable on July 1, 2011; and (ii) 80,000 shares became exercisable on October 1, 2011. Shares are exercisable with respect to each vested tranche for five years after the tranche's vesting date. Options will vest according to the following schedule: 20% increments on each of May 13, 2014, 2015, 2016, 2017 and 2018. /s/ James J. McKinney, Attorney-in-Fact 2016-07-06