Filing Details

Accession Number:
0001415889-14-001666
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-05-23 21:31:35
Reporting Period:
2014-05-21
Filing Date:
2014-05-23
Accepted Time:
2014-05-23 21:31:35
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1169770 Banc Of California Inc. BANC National Commercial Banks (6021) 043639825
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1504590 Steven Sugarman C/O Banc Of California, Inc.
18500 Von Karman Ave, Suite 1100
Irvine CA 92612
Ceo And Chairman Of Board No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-05-23 35,000 $10.38 35,000 No 4 P Indirect By the Steven and Ainslie Sugarman Family Irrevocable Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By the Steven and Ainslie Sugarman Family Irrevocable Trust
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Appreciation Rights Acquisiton 2014-05-21 300,219 $0.00 300,219 $10.09
Common Stock Stock Appreciation Rights Acquisiton 2014-05-21 252,023 $0.00 252,023 $10.09
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
300,219 2017-05-21 2022-08-22 No 4 A Direct
552,242 2022-08-22 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 33,806 Indirect By Steven and Ainslie Sugarman Living Trust
Common Stock 40 Indirect By Cole Sugarman Roth IRA
Common Stock 75,264 Direct
Common Stock 7,500 Indirect By Charles Schwab & Co Inc., Cust Sugarman Enterprises, Inc. 401K FBO Ainslie Sugarman
Common Stock 400 Indirect By Hailey Sugarman Roth IRA
Common Stock 1,475 Indirect By Sierra Sugarman Roth IRA
Common Stock 2,000 Indirect By Steven Sugarman Roth IRA
Common Stock 4,282 Indirect By Ainslie Sugarman Roth IRA
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Option (Right to Purchase) $15.81 2012-06-27 2021-06-27 16,165 16,165 Direct
Class B Non-Voting Common Stock Warrant to Purchase Class B Non-Voting Common Stock $11.00 960,000 960,000 Indirect
Common Stock Stock Appreciation Rights $12.83 2022-08-22 70,877 70,877 Direct
Common Stock Stock Appreciation Rights $13.06 2022-08-22 150,993 150,993 Direct
Common Stock Stock Appreciation Rights $13.60 2022-08-22 88,366 88,366 Direct
Common Stock Stock Appreciation Rights $12.12 2022-08-22 500,000 500,000 Direct
Common Stock Stock Appreciation Rights $13.55 2022-08-22 15,275 15,275 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2021-06-27 16,165 16,165 Direct
960,000 960,000 Indirect
2022-08-22 70,877 70,877 Direct
2022-08-22 150,993 150,993 Direct
2022-08-22 88,366 88,366 Direct
2022-08-22 500,000 500,000 Direct
2022-08-22 15,275 15,275 Direct
Footnotes
  1. Mr. Sugarman's minor children are the sole beneficiaries of the Steven and Ainslie Family Irrevocable Trust and his wife owns certain life interests.
  2. 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.
  3. 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.
  4. 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.
  5. Two-thirds of these SARs are currently vested, and the remaining one-third is scheduled to vest on August 21, 2014.
  6. 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.
  7. Warrants expire five years from the date vested.