Filing Details

Accession Number:
0000902664-15-004056
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-10-29 17:27:40
Reporting Period:
2015-10-27
Filing Date:
2015-10-29
Accepted Time:
2015-10-29 17:27:40
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1109546 Pacific Mercantile Bancorp PMBC] National Commercial Banks (6021) 330898238
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1134119 Clinton Group Inc 601 Lexington Ave.
51St Floor
New York NY 10022
No No No Yes
1519604 Sbav Lp 601 Lexington Avenue
51St Floor
New York NY 10022
No No No Yes
1566939 E. George Hall C/O Clinton Group Inc, 601 Lexington Ave
51St Floor
New York NY 10021
No No No Yes
1627209 Sbav Gp Llc C/O Clinton Group Inc.
601 Lexington Ave., 51St Fl.
New York NY 10022
No No No Yes
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 Disposition 2015-10-27 11,600 $6.65 2,066,917 No 4 S Indirect See footnotes
Common Stock Disposition 2015-10-28 20,000 $6.66 2,046,917 No 4 S Indirect See footnotes
Common Stock Disposition 2015-10-29 100 $6.69 2,046,817 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.6354 to $6.6496, inclusive. The Reporting Person undertakes to provide to Pacific Mercantile Bancorp, any security holder of Pacific Mercantile Bancorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (5) to this Form 4.
  2. By virtue of (i) serving as the investment manager of SBAV LP, a Delaware limited partnership ("SBAV") and (ii) a sub-advisory agreement governing a mutual fund portfolio ("WKCAX"), Clinton Group, Inc., a Delaware corporation ("Clinton") has voting power and investment discretion with respect to the securities reported herein which are held by SBAV and WKCAX. By virtue of serving as the general partner of SBAV, SBAV GP (as defined below) has voting power and investment discretion with respect to the securities reported herein which are held by SBAV.
  3. Mr. George Hall serves as the Chief Executive Officer of Clinton and as the managing member of SBAV GP, LLC, a Delaware limited liability company ("SBAV GP"). Mr. George E. Hall is deemed to be the indirect beneficial owner of such securities by virtue of his direct and indirect control of Clinton.
  4. The Reporting Persons disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any Reporting Person is the beneficial owners of the securities for the purpose of Section 16 or for any other purpose, except to the extent of such Reporting Person's pecuniary interest therein.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.6555 to $6.6608, inclusive.