John M. Eggemeyer III - Nov 30, 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role
Director
Signature
/s/ Ido Dotan, Attorney-in-Fact for John M Eggemeyer III
Stock symbol
BANC
Transactions as of
Nov 30, 2023
Transactions value $
$0
Form type
4
Date filed
12/4/2023, 07:47 PM
Previous filing
May 31, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BANC Common Stock Award $0 +174K $0.00 174K Nov 30, 2023 Direct F1
transaction BANC Common Stock Award $0 +18.7K $0.00 18.7K Nov 30, 2023 By IRA F1
* 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.