<SEC-DOCUMENT>0001415889-16-005691.txt : 20160428
<SEC-HEADER>0001415889-16-005691.hdr.sgml : 20160428
<ACCEPTANCE-DATETIME>20160428215039
ACCESSION NUMBER:		0001415889-16-005691
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160426
FILED AS OF DATE:		20160428
DATE AS OF CHANGE:		20160428

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:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35522
		FILM NUMBER:		161602262

	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>4
<SEQUENCE>1
<FILENAME>form4-04282016_060427.xml
<TEXT>
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            <rptOwnerCity>IRVINE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92612</rptOwnerZipCode>
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            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
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            <securityTitle>
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                <directOrIndirectOwnership>
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                <sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>By Ainslie Sugarman Roth IRA</value>
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            </ownershipNature>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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                <sharesOwnedFollowingTransaction>
                    <value>4700</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>By Charles Schwab &amp; Co Inc., Cust Sugarman Enterprises, Inc. 401K FBO Ainslie Sugarman</value>
                </natureOfOwnership>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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            <securityTitle>
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                <directOrIndirectOwnership>
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                <directOrIndirectOwnership>
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            <securityTitle>
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                <underlyingSecurityShares>
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                <directOrIndirectOwnership>
                    <value>D</value>
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            <securityTitle>
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            <securityTitle>
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            <exerciseDate>
                <footnoteId id="F8"/>
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            <expirationDate>
                <value>2022-08-22</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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            <securityTitle>
                <value>Stock Appreciation Rights</value>
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                <footnoteId id="F8"/>
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                <directOrIndirectOwnership>
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        <derivativeHolding>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
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                <footnoteId id="F9"/>
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            <expirationDate>
                <value>2022-08-22</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>262678</value>
                    <footnoteId id="F11"/>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                    <footnoteId id="F11"/>
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                <directOrIndirectOwnership>
                    <value>D</value>
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                    <value></value>
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        <derivativeHolding>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
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            <conversionOrExercisePrice>
                <value>10.09</value>
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            <exerciseDate>
                <footnoteId id="F8"/>
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            <expirationDate>
                <value>2022-08-22</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>252023</value>
                </underlyingSecurityShares>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>252023</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>D</value>
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                <natureOfOwnership>
                    <value></value>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>11.62</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2014-11-07</value>
            </exerciseDate>
            <expirationDate>
                <value>2022-08-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>216334</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>216334</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>12.27</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2015-09-30</value>
            </exerciseDate>
            <expirationDate>
                <value>2022-08-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2973</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2973</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These awards were granted upon attainment of certain performance objectives under performance unit agreements previously granted to the Reporting Person by the Issuer.</footnote>
        <footnote id="F2">This award is currently restricted and will vest in full on April 1, 2017, but restrictions on transfer continue until April 1, 2021. For more information, see the Letter Agreement between the Issuer and the Reporting Person, dated March 24, 2016, and filed as Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer on March 25, 2016.</footnote>
        <footnote id="F3">This award is currently restricted and will vest in full on May 10, 2016.</footnote>
        <footnote id="F4">Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted, performance award.  This award was first reported in the Form 4 filed by the Reporting Person on April 3, 2015. The achievement of the performance-based conditions to the vesting of this award was certified by the Issuer's Compensation Committee on April 26, 2016.</footnote>
        <footnote id="F5">The exercise price of this warrant is subject to certain automatic adjustments in accordance with the terms of the warrant. Based on these automatic adjustments to the original $11.00 exercise price, it has been determined that the exercise price for these warrants was $8.90 per share as of March 31, 2016.</footnote>
        <footnote id="F6">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="F7">Warrants expire five years from the date vested.</footnote>
        <footnote id="F8">Each of these SARs became fully vested on August 21, 2014.</footnote>
        <footnote id="F9">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="F10">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="F11">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 (9) and (10). As a result of the settlements of portions of the Purchase Contacts, the TEU Additional SAR accelerated in vesting with respect to 251,839 shares and 37,541shares were forfeited as of March 31, 2016.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ James J. McKinney, Attorney-in-Fact</signatureName>
        <signatureDate>2016-04-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
