4//SEC Filing
Filippin William F 4
Accession 0001628280-24-015212
CIK 0001127371other
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 3:24 PM ET
Size
19.9 KB
Accession
0001628280-24-015212
Insider Transaction Report
Form 4
Filippin William F
EXECUTIVE VICE PRESIDENT
Transactions
- Award
CWBC - Stock Option
2024-04-01+12,482→ 12,482 totalExercise: $8.64From: 2024-04-01Exp: 2025-06-25→ CWBC - Common Stock (12,482 underlying) - Award
CWBC - Stock Option
2024-04-01+3,950→ 21,172 totalExercise: $14.47From: 2024-04-01Exp: 2028-02-22→ CWBC - Common Stock (3,950 underlying) - Award
CWBC - Stock Option
2024-04-01+1,580→ 28,677 totalExercise: $8.79From: 2024-04-01Exp: 2030-04-29→ CWBC - Common Stock (1,580 underlying) - Award
CWBC - Stock Option
2024-04-01+7,900→ 36,577 totalExercise: $12.81From: 2024-04-01Exp: 2031-02-25→ CWBC - Common Stock (7,900 underlying) - Award
CWBC - Stock Option
2024-04-01+4,740→ 17,222 totalExercise: $8.98From: 2024-04-01Exp: 2026-03-24→ CWBC - Common Stock (4,740 underlying) - Award
CWBC - Common Stock
2024-04-01+13,755→ 13,755 total - Award
CWBC - Stock Option
2024-04-01+5,925→ 27,097 totalExercise: $13.31From: 2024-04-01Exp: 2029-02-28→ CWBC - Common Stock (5,925 underlying) - Award
CWBC - Stock Option
2024-04-01+15,800→ 52,377 totalExercise: $16.67From: 2024-04-01Exp: 2031-11-18→ CWBC - Common Stock (15,800 underlying)
Footnotes (2)
- [F1]Received in exchange for shares of Community West Bancshares common stock in connection with the merger of Community West Bancshares with and into Central Valley Community Bancorp, (the "Merger") based on the exchange ratio of 0.79 shares of CVCY common stock for each share of Community West Bancshares common stock. On the effective date of the Merger, the closing price of Central Valley Community Bancorp common stock was $19.89 per share. In connection with the merger, the name of Central Valley Community Bancorp was changed to Community West Bancshares and the NASDAQ trading symbol was changed to CWBC.
- [F2]Each stock option was issued in substitution for a stock option issued by the Community West Bancshares for a number of shares of Central Valley common stock at an exercise price, both adjusted for the merger consideration. Based on the closing stock price of Central Valley as of March 28, 2024 ($19.89 per share of Central Valley common stock), the value of the merger consideration was $15.71 ($19.89 * $ 0.79). The exercise price was further adjusted as required by sections 409A and 424 of the Internal Revenue Code.
Documents
Issuer
Community West Bancshares
CIK 0001127371
Entity typeother
Related Parties
1- filerCIK 0001500171
Filing Metadata
- Form type
- 4
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 3:24 PM ET
- Size
- 19.9 KB