Phillips Andrew M. 4
4 · PACIFIC MERCANTILE BANCORP · Filed Sep 2, 2011
Insider Transaction Report
Form 4
Phillips Andrew M.
Director
Transactions
- Conversion
Common
2011-07-01$7.65/sh+65,350$499,928→ 69,250 total(indirect: (*1)) - Purchase
Common
2011-07-01$4.95/sh+13,188$65,281→ 82,438 total(indirect: (*1)) - Conversion
Series A Convertible Preferred Stock
2011-07-01$100.00/sh+65,350$6,535,000→ 0 total(indirect: (*1))Exercise: $7.65From: 2011-12-31→ Common Stock (65,350 underlying)
Footnotes (3)
- [F1]These shares are held by Serenity Development, which is owned by the Reported Person's family trust.
- [F2]These Series A shares were issued to the undersigned by the issuer, in a private transaction, in consideration for the waiver by the undersigned of the right to receive payment from he issuer of accrued but unpaid cash dividends on the shares of Series A Convertible Preferred Stock converted by the undersigned into common stock of the issuer on July 1, 2011.
- [F3]If not optionally converted sooner, the Series A shares were to be automatically converted into common stock on the later of (a) November 22, 2011 or (b) the date on which all accrued but unpaid dividends on the Series A shares had been paid in cash.