SZNEWAJS ROBERT D 4
4 · BANC OF CALIFORNIA, INC. · Filed Jun 17, 2020
Insider Transaction Report
Form 4
SZNEWAJS ROBERT D
Director
Transactions
- Purchase
Common Stock
2020-06-15$10.56/sh+6,000$63,360→ 39,784 total(indirect: By Trust)
Holdings
- 25,823
Common Stock
- 2,808
Stock Option
Exercise: $13.75Exp: 2025-07-01→ Common Stock (2,808 underlying) - 918
Stock Option
Exercise: $10.90Exp: 2024-07-01→ Common Stock (918 underlying) - 918
Stock Options
Exercise: $10.90Exp: 2024-07-01→ Common Stock (918 underlying) - 2,808
Stock Option
Exercise: $13.75Exp: 2025-07-01→ Common Stock (2,808 underlying)
Footnotes (3)
- [F1]The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.5672 to $10.59 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
- [F2]Amount reported includes shares previously transferred by the Reporting Person into the Robert D. Sznewajs Revocable Trust.
- [F3]Options will vest annually in substantially equal installments over a five-year period beginning on the one-year anniversary of the grant date. In accordance with the Non-Qualified Stock Option Agreement, by and between the Reporting Person and the Issuer, dated July 1, 2014 and July 1, 2015 (the "Option Agreements"), in the event the Reporting Person is subject to a Qualified Termination of Service (as defined in the Option Agreements), this award will automatically become fully vested.