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

Role: Director
Signature: /s/ Ido Dotan, Attorney-in-Fact for W Kirk Wycoff
Issuer symbol: BANC
Transactions as of: 18 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 19 Oct 2021, 17:23:49 UTC
Previous filing: 17 May 2021
Next filing: 04 Sep 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Award	$0	+1,257,654		$0.000000	1,257,654	18 Oct 2021	by Patriot Financial Partners III, LP	F1, F2
transaction	BANC	Common Stock	Award	$0	+733,577	+58%	$0.000000	1,991,231	18 Oct 2021	by Patriot Financial Partners III, LP	F2, F3
holding	BANC	Common Stock						82,536	18 Oct 2021	Direct
holding	BANC	Common Stock						518	18 Oct 2021	by Patriot Financial Manager, LP	F4
holding	BANC	Common Stock						1,308,661	18 Oct 2021	by Patriot Financial Partners II, LP	F5
holding	BANC	Common Stock						152,692	18 Oct 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.