Simone Lagomarsino - Mar 1, 2024 Form 4 Insider Report for Luther Burbank Corp (LBC)

Role
President CEO, Director
Signature
/s/ Dawn Alger, power of attorney for Simone Lagomarsino
Stock symbol
LBC
Transactions as of
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/1/2024, 11:08 AM
Previous filing
Feb 21, 2024
Next filing
Jul 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBC Common Stock Disposed to Issuer -49.7K -100% 0 Mar 1, 2024 Direct F1
transaction LBC Common Stock Disposed to Issuer -196K -100% 0 Mar 1, 2024 By Self as Trustee of the Allan and Lagomarsino Revocable Trust UAD 2/10/2017, as amended F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Simone Lagomarsino is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of in connection with the Agreement and Plan of Reorganization between the Issuer and WaFd, Inc. ("WaFd", f/k/a Washington Federal, Inc.), dated November 13, 2022, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into WaFd on March 1, 2024 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into, and canceled in exchange for, the right to receive 0.3353 shares of WaFd common stock and cash in lieu of fractional shares, if applicable.
F2 Shares of Common Stock are held by Ms. Lagomarsino as Trustee of the Allan and Lagomarsino Revocable Trust UAD 2/10/2017, as amended. Ms. Lagomarsino possesses the voting and investment power with respect to the shares of Common Stock held by the trust.