Filing Details

Accession Number:
0001562180-21-006532
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-10-19 15:53:33
Reporting Period:
2021-10-18
Accepted Time:
2021-10-19 15:53:33
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
1666927 Tom Wagner 949 South Coast Drive
Third Floor
Costa Mesa CA 92626
Evp, Corporate Finance 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 Disposition 2021-10-18 13,990 $9.31 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2021-10-18 4,336 $9.31 4,336 $8.40
Common Stock Stock Option (Right to Buy) Disposition 2021-10-18 11,330 $9.31 11,330 $6.87
Common Stock Stock Options (Right to buy) Disposition 2021-10-18 5,167 $9.31 5,167 $7.10
Common Stock Stock Options (Right to buy) Disposition 2021-10-18 23,588 $9.31 23,588 $6.77
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2028-02-23 No 4 S Direct
0 2024-08-21 No 4 S Direct
0 2025-02-17 No 4 S Direct
0 2026-02-16 No 4 S Direct
Footnotes
  1. Pursuant to the Merger Agreement by and between Pacific Mercantile Bancorp and Banc of California, Inc. dated March 22, 2021 (the "Agreement"), all vested shares of Pacific Mercantile Bancorp will be converted to Banc of California, Inc. shares at a 2:1 ratio. The vesting of all options, RSAs and RSUs (the "Incentives") were accelerated and cashed out upon the close of the merger that occurred on October 18, 2021. The price per share used to cash out these Incentives was $9.31, and was determined pursuant to the Agreement.