<SEC-DOCUMENT>0001415889-15-000579.txt : 20150218
<SEC-HEADER>0001415889-15-000579.hdr.sgml : 20150216
<ACCEPTANCE-DATETIME>20150217184330
ACCESSION NUMBER:		0001415889-15-000579
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20141231
FILED AS OF DATE:		20150217
DATE AS OF CHANGE:		20150217

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANC OF CALIFORNIA, INC.
		CENTRAL INDEX KEY:			0001169770
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				043639825
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		18500 VON KARMAN
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92612
		BUSINESS PHONE:		949-236-5211

	MAIL ADDRESS:	
		STREET 1:		18500 VON KARMAN
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST PACTRUST BANCORP INC
		DATE OF NAME CHANGE:	20020322

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Sugarman Steven
		CENTRAL INDEX KEY:			0001504590

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35522
		FILM NUMBER:		15625043

	MAIL ADDRESS:	
		STREET 1:		C/O FIRST PACTRUST BANCORP INC
		STREET 2:		610 BAY BOULEVARD
		CITY:			CHULA VISTA
		STATE:			CA
		ZIP:			91910
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>form5-02172015_030222.xml
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                <value>2014-11-07</value>
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                <value>2022-08-22</value>
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    <footnotes>
        <footnote id="F1">Shares were acquired pursuant to the Issuer's Dividend Reinvestment Plan, with cash being received in lieu of continuing to hold fractional shares acquired under the Dividend Reinvestment Plan.</footnote>
        <footnote id="F2">Amount held at December 31, 2014 includes transactions exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13, which exempts transactions that effect only a change in beneficial ownership.</footnote>
        <footnote id="F3">Warrants vested in accordance with the following schedule: 50,000 shares vested on October 11, 2011 and the remainder vested in seven equal quarterly installments, beginning January 1, 2012.</footnote>
        <footnote id="F4">Warrants expire five years from the date vested.</footnote>
        <footnote id="F5">Each of these Stock Appreciation Rights (&quot;SARs&quot;) became fully vested on August 21, 2014.</footnote>
        <footnote id="F6">Each of these SARs became fully vested on August 21, 2014.</footnote>
        <footnote id="F7">These SARs (the &quot;TEU Additional SARs&quot;) were issued to Mr. Sugarman in connection with the closing of an offering of the Issuer's 8.00% Tangible Equity Units. Each Tangible Equity Unit is composed of a prepaid stock purchase contract (each, a &quot;Purchase Contract&quot;) and a junior subordinated amortizing note issued by the Issuer. Each Purchase Contract settles based on minimum or maximum settlement rates of shares of common stock. The number of settlement shares underlying the TEU Additional SARs were calculated using the maximum settlement rate and, therefore, the number of shares underlying these TEU Additional SARs is subject to adjustment and forfeiture. Until each Purchase Contract settles and the voting common stock related thereto is issued, each corresponding TEU Additional SAR has a vesting date of May 21, 2017 and no dividend equivalent rights prior to vesting.</footnote>
        <footnote id="F8">The TEU Additional SARs vest earlier than May 21, 2017 if any single Purchase Contract is settled in shares of voting common stock, at which time the TEU Additional SARs corresponding to such Purchase Contract shall become 100% vested and exercisable on the date on which any such Purchase Contract is settled (subject to certain exceptions if the settlement occurred before August 21, 2014). The TEU Additional SARs that have accelerated in vesting have the same terms and conditions as the original grant.</footnote>
        <footnote id="F9">The TEU Additional SAR originally related to 300,219 shares of common stock with a scheduled vesting of May 21, 2017, as described in Footnotes 7 and 8. As a result of the settlement of a portion of the Purchase Contacts on May 30, 2014, July 7, 2014, September 9, 2014, September 12, 2014, November 3, 2014, December 3, 2014 and December 23, 2014 the TEU Additional SAR accelerated in vesting with respect to 49,469 shares on May 30, 2014, 30,736 on July 7, 2014, 8,900 shares on September 9, 2014, 1,758 shares on September 12, 2014, 5,195 shares on November 3, 2014, 23,532 shares on December 3, 2014 and 14,407 shares on December 23, 2014. Furthermore, 6,597 shares were forfeited on May 30, 2014, 4,256 shares on July 7, 2014, 1,257 shares on September 9, 2014, 250 shares on September 12, 2014, 740 shares on November 3, 2014, 3,405 shares on December 3, 2014 and 2,128 on December 23, 2014.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Ronald J. Nicolas, Jr., Attorney-in-Fact</signatureName>
        <signatureDate>2015-02-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
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