W. Kirk Wycoff - Oct 18, 2021 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role
Director
Signature
/s/ Ido Dotan, Attorney-in-Fact for W Kirk Wycoff
Stock symbol
BANC
Transactions as of
Oct 18, 2021
Transactions value $
$0
Form type
4
Date filed
10/19/2021, 05:23 PM
Previous filing
May 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Award $0 +1.26M $0.00 1.26M Oct 18, 2021 by Patriot Financial Partners III, LP F1, F2
transaction BANC Common Stock Award $0 +734K +58.33% $0.00 1.99M Oct 18, 2021 by Patriot Financial Partners III, LP F2, F3
holding BANC Common Stock 82.5K Oct 18, 2021 Direct
holding BANC Common Stock 518 Oct 18, 2021 by Patriot Financial Manager, LP F4
holding BANC Common Stock 1.31M Oct 18, 2021 by Patriot Financial Partners II, LP F5
holding BANC Common Stock 153K Oct 18, 2021 by Patriot Financial Partners Parallel II, LP F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 2,515,308 shares of the common stock of Pacific Mercantile Bancorp ("PMB") in connection with the merger of PMB's into Banc of California, Inc. ("BOC"). On the effective date of the merger, the closing price of PMB's common stock was $9.40 per share, and the closing price of BOC's common stock was $18.74 per share.
F2 The securities are beneficially held by Patriot Financial Partners III, L.P. ("Patriot Fund III"). Patriot Financial Partners GP III, L.P. ("Patriot GP III") is a general partner of Patriot Fund III, and Patriot Financial Partners GP III, LLC ("Patriot GP III LLC") is a general partner of Patriot GP III. In addition, the Reporting Person is a general partner of Patriot Fund III and Patriot GP III and a member of Patriot GP III LLC. Accordingly, securities owned by Patriot Fund III may be regarded as being beneficially owned by Patriot GP III, Patriot GP III 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 Received in exchange for 1,467,155 shares of non-voting common stock of PMB in connection with the merger of PMB into BOC.
F4 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.
F5 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.