W. Kirk Wycoff - 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
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Award $0 +3.99K +5.08% $0.00 82.5K May 13, 2021 Direct F1
holding BANC Common Stock 1.31M May 13, 2021 By Patriot Financial Partners II, L.P. F2
holding BANC Common Stock 153K May 13, 2021 By Patriot Financial Partners Parallel II, L.P. F2
holding BANC Common Stock 518 May 13, 2021 By Patriot Financial Manager, LP F3
* 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 The securities are beneficially held by Patriot Financial Partners II, L.P. (the "Patriot Fund II") and Patriot Financial Partners Parallel II, L.P. (the "Patriot Parallel Fund II," together with the Patriot Fund II, the "Funds II"). Patriot Financial Partners GP II, L.P. ("Patriot II GP") is a general partner of each of the Funds II, and Patriot Financial Partners GP II, LLC ("Patriot II LLC") is a general partner of Patriot II GP. In addition, the Reporting Person is a general partner of the Funds II and Patriot II GP and a member of Patriot II LLC. Accordingly, securities owned by the Funds II may be regarded as being beneficially owned by Patriot II GP, Patriot II LLC and the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.
F3 The Reporting Person is a majority owner of Patriot Financial Manager, L.P. and may be deemed to be the beneficial owner of the securities held thereby. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that he is a beneficial owner of such securities for the purposes of Section 16.