Victor Trione - Mar 1, 2024 Form 4 Insider Report for Luther Burbank Corp (LBC)

Role
Director, 10%+ Owner
Signature
/s/ Dawn Alger, power of attorney for Victor Trione
Stock symbol
LBC
Transactions as of
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/1/2024, 11:12 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBC Common Stock Disposed to Issuer -11M -100% 0 Mar 1, 2024 By Self as Trustee Under Declaration of Trust Dated 10/10/88 F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Disposed of in connection with the Agreement and Plan of Reorganization between the Issuer and WaFd, Inc. ("WaFd", f/k/a Washington Federal, Inc.), dated November 13, 2022, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into WaFd on March 1, 2024 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into, and canceled in exchange for, the right to receive 0.3353 shares of WaFd common stock and cash in lieu of fractional shares, if applicable.
F2 Shares of Common Stock are held by Mr. Trione as Trustee under Declaration of Trust dated October 10, 1988. Mr. Trione possesses the voting and investment power with respect to the shares of Common Stock held by the trust.