Filing Details

Accession Number:
0001127602-16-066986
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-11-14 17:35:46
Reporting Period:
2016-11-11
Filing Date:
2016-11-14
Accepted Time:
2016-11-14 17:35:46
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1053352 Heritage Commerce Corp HTBK State Commercial Banks (6022) 770469558
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1197257 Iii M John Eggemeyer Po Box 1329
Rancho Santa Fe CA 92067
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 2016-11-11 12,300 $12.33 3,754,627 No 4 S Indirect Indirect By Partnership
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Indirect By Partnership
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Standard Employee Option - NSO $5.16 2011-06-16 2021-06-16 4,000 4,000 Indirect
Common Stock Standard Employee Option - NSO $6.39 2012-05-01 2022-05-01 4,000 4,000 Indirect
Common Stock Standard Employee Option - NSO $6.57 2013-04-30 2023-04-30 4,000 4,000 Indirect
Common Stock Standard Employee Option - NSO $8.07 2014-02-27 2024-02-27 4,000 4,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2021-06-16 4,000 4,000 Indirect
2022-05-01 4,000 4,000 Indirect
2023-04-30 4,000 4,000 Indirect
2024-02-27 4,000 4,000 Indirect
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.3000 to $12.3500, inclusive. The reporting person undertakes to provide to Heritage Commerce Corp, any security holder of Heritage Commerce Corp, 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. The securities include 3,750,925 shares held by Fund IV. Castle Creek Capital IV LLC is the sole general partner of Fund IV. Accordingly, securities owned by Fund IV may be regarded as being beneficially owned by Castle Creek Capital IV LLC. John M. Eggemeyer is a Managing Principal of Castle Creek Capital IV LLC. Accordingly, securities owned or deemed to be owned by Castle Creek Capital IV LLC may be regarded as being beneficially owned by Mr. Eggemeyer. The securities also include 3,702 shares of restricted stock subject to vesting granted to Castle Creek Advisors IV LLC ("Advisors IV") on behalf of Mr. Eggemeyer. Mr. Eggemeyer is a managing principal of Advisors IV. Accordingly, securities owned by Advisors IV may be regarded as being beneficially owned by Mr. Eggemeyer. Mr. Eggemeyer 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.
  3. The securities are held by Castle Creek Capital Partners IV, LP ("Fund IV"). Castle Creek Capital IV LLC is the sole general partner of Fund IV. Accordingly, securities owned by Fund IV may be regarded as being beneficially owned by Castle Creek Capital IV LLC. John M. Eggemeyer is a Managing Principal of Castle Creek Capital IV LLC. Accordingly, securities owned or deemed to be owned by Castle Creek Capital IV LLC may be regarded as being beneficially owned by Mr. Eggemeyer. Mr. Eggemeyer 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.