Form 4 for BANC BANC OF CALIFORNIA, INC.
Accepted 2021-10-19 00:00:00 ET · period of report 2021-10-18 · accession 0001562180-21-006554 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2021-10-19 | 2021-10-18 | BANC | WYCOFF W KIRK | Dir | A - Grant | $0.00 | +1.99M | 1.26M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-10-18 | A | A | 733,577 | $0.00 | 1,991,231 | I by Patriot Financial Partners III, LP | — | — | (F3) Received in exchange for 1,467,155 shares of non-voting common stock of PMB in connection with the merger of PMB into BOC. (F2) The securities are beneficially held by Patriot Financial Partners III, L.P. ("Patriot Fund III"). Patriot Financial Partners GP III, L.P. ("Patriot GP III") is a general partner of Patriot Fund III, and Patriot Financial Partners GP III, LLC ("Patriot GP III LLC") is a general partner of Patriot GP III. In addition, the Reporting Person is a general partner of Patriot Fund III and Patriot GP III and a member of Patriot GP III LLC. Accordingly, securities owned by Patriot Fund III may be regarded as being beneficially owned by Patriot GP III, Patriot GP III LLC and the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16. |
| 2 | Common | Common Stock | 2021-10-18 | A | A | 1,257,654 | $0.00 | 1,257,654 | I by Patriot Financial Partners III, LP | — | — | (F1) Received in exchange for 2,515,308 shares of the common stock of Pacific Mercantile Bancorp ("PMB") in connection with the merger of PMB's into Banc of California, Inc. ("BOC"). On the effective date of the merger, the closing price of PMB's common stock was $9.40 per share, and the closing price of BOC's common stock was $18.74 per share. (F2) The securities are beneficially held by Patriot Financial Partners III, L.P. ("Patriot Fund III"). Patriot Financial Partners GP III, L.P. ("Patriot GP III") is a general partner of Patriot Fund III, and Patriot Financial Partners GP III, LLC ("Patriot GP III LLC") is a general partner of Patriot GP III. In addition, the Reporting Person is a general partner of Patriot Fund III and Patriot GP III and a member of Patriot GP III LLC. Accordingly, securities owned by Patriot Fund III may be regarded as being beneficially owned by Patriot GP III, Patriot GP III LLC and the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16. |