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