LAWRENCE D. MCGOVERN - 16 May 2022 Form 4 Insider Report for HERITAGE COMMERCE CORP (HTBK)

Role
EVP/CFO
Signature
/s/ Debbie Reuter as Attorney in fact for Lawrence D. McGovern
Issuer symbol
HTBK
Transactions as of
16 May 2022
Net transactions value
$0
Form type
4
Filing time
17 May 2022, 18:54:56 UTC
Next filing
06 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HTBK Common Stock, No Par Value Award $0 +16,668 +34% $0.000000 66,311 16 May 2022 Direct F1
holding HTBK Common Stock, No Par Value 4,980 16 May 2022 Indirect by IRA
holding HTBK Common Stock, No Par Value 62,970 16 May 2022 Indirect by Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HTBK Standard Employee Option - NSO 15,000 16 May 2022 Common Stock, No Par Value 15,000 $6.57 Direct
holding HTBK Standard Employee Option - NSO 15,000 16 May 2022 Common Stock, No Par Value 15,000 $8.07 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock vests 33.333% each year on an annualized basis.