Robert D. Sznewajs - May 13, 2021 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role
Director
Signature
/s/ Ido Dotan, Attorney-in-Fact
Stock symbol
BANC
Transactions as of
May 13, 2021
Transactions value $
$0
Form type
4
Date filed
5/17/2021, 04:06 PM
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Award $0 +6.02K +41.74% $0.00 20.4K May 13, 2021 Direct F1
holding BANC Common Stock 55K May 13, 2021 By the Robert D. Sznewajs Revocable 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 BANC Stock Option 918 May 13, 2021 Common Stock 918 $10.90 Direct F2
holding BANC Stock Options 918 May 13, 2021 Common Stock 918 $10.90 Direct F2
holding BANC Stock Option 2.81K May 13, 2021 Common Stock 2.81K $13.75 Direct F2
holding BANC Stock Option 2.81K May 13, 2021 Common Stock 2.81K $13.75 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for his service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on the one-year anniversary of the grant date.
F2 Options will vest annually in substantially equal installments over a five-year period beginning on the one-year anniversary of the grant date. In accordance with the Non-Qualified Stock Option Agreement, by and between the Reporting Person and the Issuer, dated July 1, 2014 and July 1, 2015 (the "Option Agreements"), in the event the Reporting Person is subject to a Qualified Termination of Service (as defined in the Option Agreements), this award will automatically become fully vested.