4//SEC Filing
Myers Scott Alexander 4
Accession 0000950170-24-088747
CIK 0001752036other
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 5:42 PM ET
Size
26.8 KB
Accession
0000950170-24-088747
Insider Transaction Report
Form 4
Myers Scott Alexander
SEVP, Chief Lending Offier
Transactions
- Sale
Common Stock
2024-05-09$21.85/sh−174$3,802→ 8,464 total - Sale
Common Stock
2024-06-12$21.90/sh−1,298$28,426→ 8,290 total - Sale
Common Stock
2024-04-12$21.99/sh−632$13,898→ 9,902 total - Disposition to Issuer
Common Stock
2024-07-31−8,290→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2024-07-31−20,000→ 0 totalExercise: $19.02Exp: 2029-05-16→ Common Stock (20,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2024-07-31−5,500→ 0 totalExercise: $18.17Exp: 2031-03-08→ Common Stock (5,500 underlying) - Sale
Common Stock
2024-02-01$24.68/sh−2,564$63,280→ 12,879 total - Sale
Common Stock
2024-04-29$22.09/sh−806$17,805→ 9,270 total - Disposition to Issuer
Stock Option (right to buy)
2024-07-31−5,500→ 0 totalExercise: $11.50Exp: 2030-03-19→ Common Stock (5,500 underlying) - Disposition to Issuer
Stock Option (right to buy)
2024-07-31−5,500→ 0 totalExercise: $23.04Exp: 2032-04-12→ Common Stock (5,500 underlying) - Sale
Common Stock
2023-08-03$18.66/sh−3,254$60,720→ 16,133 total - Sale
Common Stock
2024-03-01$22.99/sh−413$9,495→ 10,315 total - Disposition to Issuer
Stock Option (right to buy)
2024-07-31−5,500→ 0 totalExercise: $25.33Exp: 2033-02-16→ Common Stock (5,500 underlying)
Footnotes (5)
- [F1]This is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.43 to $18.68. The reporting person undertakes to provide to the Issuer, any security holder, 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 this footnote.
- [F2]This total amount corrects an administrative error in the total amount reported in previous filings. No reportable transaction was omitted from previously filings, as supplemented by this filing.
- [F3]Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated January 31, 2024 (the "Merger Agreement"), by and between the Issuer and Southern California Bancorp ("BCAL"). Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each share of Issuer common stock converted into the right to receive 1.590 shares of BCAL common stock (the "Exchange Ratio"), with cash paid in lieu of fractional shares. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock. Includes restricted stock units with respect to 8,290 shares of the Issuer's common stock. Pursuant to the Merger Agreement, at the effective time of the merger, the reporting person's restricted stock units vested and reporting person became entitled to receive a number of shares BCAL common stock equal to the number of shares of issuer common stock underlying the restricted stock unit multiplied by the
- [F4](Continued from footnote 3) Exchange Ratio.
- [F5]Pursuant to the Merger Agreement, at the effective time of the merger, each of the reporting person's stock options was converted in to the right to receive the amount, if any, by which the option's exercise price exceeds $22.98 (the value of the per share merger consideration), less required tax withholdings.
Documents
Issuer
California BanCorp
CIK 0001752036
Entity typeother
Related Parties
1- filerCIK 0001808173
Filing Metadata
- Form type
- 4
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 5:42 PM ET
- Size
- 26.8 KB