Robert D. Sznewajs - 03 May 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role
Director
Signature
/s/ Ido Dotan, Attorney-in-Fact for Robert D Sznewajs
Issuer symbol
BANC
Transactions as of
03 May 2023
Net transactions value
+$35,083
Form type
4
Filing time
04 May 2023, 20:24:17 UTC
Previous filing
16 May 2022
Next filing
12 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Purchase $35,083 +3,200 +4.1% $10.96 81,008 03 May 2023 By the Robert D. Sznewajs Revocable Trust F1, F2, F3
holding BANC Common Stock 5,793 03 May 2023 Direct

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
holding BANC Stock Option 2,808 03 May 2023 Common Stock 2,808 $13.75 Direct F4
holding BANC Stock Option 918 03 May 2023 Common Stock 918 $10.90 Direct F4
holding BANC Stock Options 2,808 03 May 2023 Common Stock 2,808 $13.75 Direct F4
holding BANC Stock Options 918 03 May 2023 Common Stock 918 $10.90 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.94 and $10.97 per share, inclusive, the Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth therein.
F2 Amount reported includes 20,448 shares transferred into Robert D. Sznewajs Revocable Trust previously reported as directly held.
F3 Amount includes 2,313 shares of the Issuer's common stock acquired pursuant to a broker administered dividend reinvestment plan.
F4 Options will vest annually in substantially equal installments over a five-year period beginning on the one-year anniversary of the grant date. In accordance with the Non-Qualified Stock Option Agreement, by and between the Reporting Person and the Issuer, dated July 1, 2014 and July 1, 2015 (the "Option Agreements"), in the event the Reporting Person is subject to a Qualified Termination of Service (as defined in the Option Agreements), this award will automatically become fully vested.