Craig A. Carlson - Nov 30, 2023 Form 4 Insider Report for PACWEST BANCORP (PACW)

Role: Director
Signature: /s/ Angela M.W. Kelley, Attorney-in-Fact
Stock symbol: PACW
Transactions as of: Nov 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/30/2023, 09:23 PM
Previous filing: May 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Ownership	Footnotes
transaction	PACW	Common Stock	Disposed to Issuer	$0	-17.1K	-100%	$0.00^*	Nov 30, 2023	Direct	F1, F2
transaction	PACW	Common Stock	Disposed to Issuer	$0	-3.2K	-100%	$0.00^*	Nov 30, 2023	By 401(k) Plan	F1, F2
transaction	PACW	Common Stock	Disposed to Issuer	$0	-3K	-100%	$0.00^*	Nov 30, 2023	By 457 Plan	F1, F2
transaction	PACW	Common Stock	Disposed to Issuer	$0	-12.9K	-100%	$0.00^*	Nov 30, 2023	By Carlson Trust	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Craig A. Carlson 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 pursuant to the Agreement and Plan of Merger, dated July 25, 2023, by and among Issuer, Banc of California, Inc. ("BANC"), and Cal Merger Sub, Inc. (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, at the effective time (the "Effective Time") of the merger between Issuer and Cal Merger Sub, Inc. (the "Merger"), each share of Issuer common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.6569 shares of BANC common stock (the "Merger Consideration"). All fractional shares were paid in cash. The Merger closed on November 30, 2023.
F2	As a result of the Merger, Reporting Person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.

Content

Disposed of pursuant to the Agreement and Plan of Merger, dated July 25, 2023, by and among Issuer, Banc of California, Inc. ("BANC"), and Cal Merger Sub, Inc. (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, at the effective time (the "Effective Time") of the merger between Issuer and Cal Merger Sub, Inc. (the "Merger"), each share of Issuer common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.6569 shares of BANC common stock (the "Merger Consideration"). All fractional shares were paid in cash. The Merger closed on November 30, 2023.

As a result of the Merger, Reporting Person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.