PACIFIC MERCANTILE BANCORP 4
4 · PACIFIC MERCANTILE BANCORP · Filed Sep 8, 2011
Insider Transaction Report
Form 4
ARGYROS GEORGE L
Director
Transactions
- Conversion
Common
2011-07-01$7.65/sh+653,500$4,999,275→ 763,500 total(indirect: (*1)) - Purchase
Common
2011-07-01$4.95/sh+159,371$788,886→ 922,871 total(indirect: (*1)) - Conversion
Series A Convertible Preferred Stock
2011-07-01$100.00/sh+50,000$5,000,000→ 0 total(indirect: (*1))Exercise: $7.65From: 2011-12-31→ Common Stock (653,500 underlying)
Footnotes (3)
- [F1]These shares are owned in the name of the Argyros Family Trust, of which the Reported Person and his spouse are each co-trustees.
- [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 the 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.