Paul R. Burke - Nov 30, 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role: Director
Signature: /s/ Ido Dotan, Attorney-in-Fact for Paul R Burke
Stock symbol: BANC
Transactions as of: Nov 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/4/2023, 07:31 PM
Previous filing: May 4, 2023
Next filing: Dec 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Award	$0	+45K	$0.00	45K	Nov 30, 2023	Direct	F1
transaction	BANC	Common Stock	Award	$0	+656	$0.00	656	Nov 30, 2023	By IRA	F1
transaction	BANC	Common Stock	Award	$0	+985	$0.00	985	Nov 30, 2023	By MSB Trust	F1
transaction	BANC	Depository Shares of Series A Preferred Stock	Award	$0	+1K	$0.00	1K	Nov 30, 2023	By IRA	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares acquired pursuant to the Agreement and Plan of Merger, dated July 25, 2023, by and among Issuer, PacWest Bancorp ("PACW") 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 PACW and Cal Merger Sub, Inc., each share of PACW common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.6569 shares of Issuer common stock with cash-in-lieu of any fractional share.
F2	Represents Issuer's depositary shares and shares of underlying preferred stock acquired in exchange for substantially equivalent depositary shares and underlying preferred stock of PACW in connection with the transactions contemplated by the Merger Agreement.

Content

Represents shares acquired pursuant to the Agreement and Plan of Merger, dated July 25, 2023, by and among Issuer, PacWest Bancorp ("PACW") 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 PACW and Cal Merger Sub, Inc., each share of PACW common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.6569 shares of Issuer common stock with cash-in-lieu of any fractional share.

Represents Issuer's depositary shares and shares of underlying preferred stock acquired in exchange for substantially equivalent depositary shares and underlying preferred stock of PACW in connection with the transactions contemplated by the Merger Agreement.