Filing Details

Accession Number:
0001179110-15-014626
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-11-09 17:12:01
Reporting Period:
2015-11-06
Filing Date:
2015-11-09
Accepted Time:
2015-11-09 17:12:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1102112 Pacwest Bancorp PACW National Commercial Banks (6021) 330885320
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1352198 Robert Paul Burke 10250 Constellation Blvd.,
Suite 1640
Los Angeles CA 90067
Yes 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 Disposition 2015-11-06 202,067 $47.21 666,421 No 4 S Indirect Northaven group
Common Stock Disposition 2015-11-06 133 $47.85 666,288 No 4 S Indirect Northaven group
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Northaven group
No 4 S Indirect Northaven group
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 259,232 Indirect By Northaven Partners, L.P.
Common Stock 48,854 Indirect By Northaven Partners II, L.P.
Common Stock 16,117 Indirect By Northaven Partners III, L.P.
Common Stock 25,916 Indirect By Northaven Offshore Ltd.
Common Stock 316,169 Indirect By Northaven Capital Partners, L.P.
Common Stock 3,976 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.85 to $47.83, inclusive. The reporting person undertakes to provide to PacWest Bancorp, any security holder of PacWest 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 range set forth in footnote (1) to this Form 4.
  2. Represents the total number of shares owned by the five Northaven entities combined after giving effect to the reported transaction. A breakdown of the shares owned by each entity is set forth at the bottom of Table I.
  3. Each of the five Northaven entities participated in the sales reported on this Form 4. Of the total 202,200 shares sold, Northaven Partners, L.P. sold 85,146 shares, Northaven Partners II, L.P. sold 11,580 shares, Northaven Partners III, L.P. sold 5,294 shares, Northaven Offshore Ltd. sold 8,512 shares, and Northaven Capital Partners, L.P. sold 91,668 shares.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.8525 to $47.855, inclusive. The reporting person undertakes to provide to PacWest Bancorp, any security holder of PacWest 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 range set forth in footnote (4) to this Form 4.
  5. Represents the total number of shares held by each respective Northaven entity after giving effect to the reported transactions.
  6. Reporting person serves as a shareholder in Northaven Management, Inc., and is a member of Northaven Associates, LLC, the general partner of each of Northaven Partners, L.P., Northaven Partners II, L.P., Northaven Partners III, L.P., and Northaven Capital Partners, L.P., and the holder of the management shares of Northaven Offshore Ltd. As such, reporting person may be deemed to have beneficial ownership of the securities owned by these entities. 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.