SUSAN E. LESTER - 30 Nov 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role: Director
Signature: /s/ Ido Dotan, Attorney-in-Fact for Susan E Lester
Issuer symbol: BANC
Transactions as of: 30 Nov 2023
Transactions value $: $0
Form type: 4
Filing time: 04 Dec 2023, 19:31:43 UTC
Previous filing: 04 May 2023
Next filing: 12 Dec 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	Award	$0	+33.7K		$0.00	33.7K	30 Nov 2023	Direct	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.

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.