Matthew P. Wagner - Mar 10, 2023 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role
EXECUTIVE CHAIRMAN, Director
Signature
/s/ Angela M.W. Kelley, Attorney-in-Fact
Stock symbol
PACW
Transactions as of
Mar 10, 2023
Transactions value $
$293,251
Form type
4
Date filed
3/13/2023, 03:50 PM
Previous filing
Mar 2, 2023
Next filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACW Depositary Shares of Series A Preferred Stock Purchase $293K +13.9K +69.43% $21.12 33.9K Mar 10, 2023 Direct F1, F2
holding PACW Common Stock 901K Mar 10, 2023 Direct
holding PACW Common Stock 52.9K Mar 10, 2023 By IRA
holding PACW Common Stock 17K Mar 10, 2023 By Spouse F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Depositary Share represents a 1/40th interest in a share of 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock").
F2 The price reported in Column 4 is a weighted average price. These Depositary Shares of Series A Preferred Stock were purchased in multiple transactions at prices ranging from $20.90 to $21.29, inclusive. The reporting person undertakes to provide to PacWest Bancorp, any security holder of PacWest Bancorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Depositary Shares of Series A Preferred Stock purchased at each separate price within the range set forth in footnote (2) to this Form 4.
F3 The Reporting Person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.