Thomas Iino - 21 Jul 2021 Form 4 Insider Report for First Choice Bancorp

Role: Director
Signature: /s/ Khoi Dang, as attorney in fact for Thomas Iino
Issuer symbol: N/A
Transactions as of: 21 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 22 Jul 2021, 19:25:02 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Ownership	Footnotes
transaction	FCBP	Common Stock	Disposed to Issuer	$0	-2,025	-100%	$0.000000^*	21 Jul 2021	Direct	F1
transaction	FCBP	Common Stock	Disposed to Issuer	$0	-17,092	-100%	$0.000000^*	21 Jul 2021	By IRA	F1
transaction	FCBP	Common Stock	Disposed to Issuer	$0	-0	-100%	$0.000000^*	21 Jul 2021	By SEP IRA	F1
transaction	FCBP	Common Stock	Disposed to Issuer	$0	-2,001	-100%	$0.000000^*	21 Jul 2021	By Trust	F1

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
transaction	FCBP	Stock Options (Right to buy)	Disposed to Issuer		-16,912	-100%		0	21 Jul 2021	Common Stock	16,912		Direct	F2

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

Thomas Iino is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Shares disposed of pursuant to the Agreement and Plan of Merger, dated as of April 26, 2021 (the "Merger Agreement"), by and among First Choice Bancorp. ("Issuer"), and Enterprise Financial Services Corp ("Enterprise"), on July 21, 2021, Issuer was merged with and into Enterprise, with Enterprise continuing as the surviving corporation (the "Merger"). At the time of the Merger, each share of Issuer common stock was converted into the right to receive Merger consideration consisting of 0.6603 shares of Enterprise common stock. Disposed shares includes unvested restricted stock previously granted under the First Choice Bancorp 2013 Omnibus Stock Incentive Plan which became fully vested at the time of the Merger and eligible to receive Merger Consideration.
F2	Represents shares subject to stock options that are being cancelled pursuant to the terms of that certain Merger Agreement, dated April 26, 2021, by and between the Issuer, First Choice Bank, Enterprise Financial Services Corp and Enterprise Bank & Trust. The stock options will be cancelled and will no longer be exercisable effective as of the closing date of the Merger, July 21, 2021.

Content

Shares disposed of pursuant to the Agreement and Plan of Merger, dated as of April 26, 2021 (the "Merger Agreement"), by and among First Choice Bancorp. ("Issuer"), and Enterprise Financial Services Corp ("Enterprise"), on July 21, 2021, Issuer was merged with and into Enterprise, with Enterprise continuing as the surviving corporation (the "Merger"). At the time of the Merger, each share of Issuer common stock was converted into the right to receive Merger consideration consisting of 0.6603 shares of Enterprise common stock. Disposed shares includes unvested restricted stock previously granted under the First Choice Bancorp 2013 Omnibus Stock Incentive Plan which became fully vested at the time of the Merger and eligible to receive Merger Consideration.

Represents shares subject to stock options that are being cancelled pursuant to the terms of that certain Merger Agreement, dated April 26, 2021, by and between the Issuer, First Choice Bank, Enterprise Financial Services Corp and Enterprise Bank & Trust. The stock options will be cancelled and will no longer be exercisable effective as of the closing date of the Merger, July 21, 2021.