<SEC-DOCUMENT>0001415889-16-006932.txt : 20160819
<SEC-HEADER>0001415889-16-006932.hdr.sgml : 20160819
<ACCEPTANCE-DATETIME>20160819195602
ACCESSION NUMBER:		0001415889-16-006932
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160817
FILED AS OF DATE:		20160819
DATE AS OF CHANGE:		20160819

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:		161844071

	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>form4-08192016_040852.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2016-08-17</periodOfReport>

    <issuer>
        <issuerCik>0001169770</issuerCik>
        <issuerName>BANC OF CALIFORNIA, INC.</issuerName>
        <issuerTradingSymbol>BANC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001504590</rptOwnerCik>
            <rptOwnerName>Sugarman Steven</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O BANC OF CALIFORNIA, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>18500 VON KARMAN AVE, SUITE 1100</rptOwnerStreet2>
            <rptOwnerCity>IRVINE</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92612</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>CEO AND CHAIRMAN OF BOARD</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>335502</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7860</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Steven Sugarman IRA</value>
                </natureOfOwnership>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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                <sharesOwnedFollowingTransaction>
                    <value>112274</value>
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                    <value>I</value>
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                    <value>By Steven and Ainslie Sugarman Living Trust</value>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
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                <sharesOwnedFollowingTransaction>
                    <value>2000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Steven Sugarman Roth IRA</value>
                </natureOfOwnership>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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                <sharesOwnedFollowingTransaction>
                    <value>282</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Ainslie Sugarman Roth IRA</value>
                </natureOfOwnership>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Ainslie Sugarman IRA</value>
                </natureOfOwnership>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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                    <value>10200</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Charles Schwab &amp; Co Inc., Cust Sugarman Enterprises, Inc. 401K FBO Ainslie Sugarman</value>
                </natureOfOwnership>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By the Steven and Ainslie Sugarman Family Irrevocable Trust</value>
                </natureOfOwnership>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
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                <sharesOwnedFollowingTransaction>
                    <value>728</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Cole Sugarman Roth IRA</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>700</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Hailey Sugarman Roth IRA</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1475</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Sierra Sugarman Roth IRA</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>8.00% Non-Cumulative Perpetual Preferred Stock, Series C</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Steven and Ainslie Sugarman Living Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Warrant to Purchase Class B Non-Voting Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2016-08-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionShares>
                    <value>480000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                <footnoteId id="F2"/>
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            <expirationDate>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Non-Voting Common Stock</value>
                </underlyingSecurityTitle>
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                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>480000</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Steven and Ainslie Sugarman Living Trust</value>
                </natureOfOwnership>
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        </derivativeTransaction>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (Right to Purchase)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>15.81</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2012-06-27</value>
            </exerciseDate>
            <expirationDate>
                <value>2021-06-27</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
                <underlyingSecurityShares>
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                    <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>
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            <exerciseDate>
                <footnoteId id="F5"/>
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            <expirationDate>
                <value>2022-08-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>70877</value>
                </underlyingSecurityShares>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>70877</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
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            <conversionOrExercisePrice>
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            <exerciseDate>
                <footnoteId id="F5"/>
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            <expirationDate>
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            <expirationDate>
                <value>2022-08-22</value>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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                <underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>88366</value>
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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>
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            <exerciseDate>
                <footnoteId id="F5"/>
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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>500000</value>
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                <sharesOwnedFollowingTransaction>
                    <value>500000</value>
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        <derivativeHolding>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
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            <exerciseDate>
                <footnoteId id="F5"/>
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            <expirationDate>
                <value>2022-08-22</value>
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                <sharesOwnedFollowingTransaction>
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                    <value>D</value>
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        <derivativeHolding>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
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            <conversionOrExercisePrice>
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            <exerciseDate>
                <footnoteId id="F6"/>
                <footnoteId id="F7"/>
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            <expirationDate>
                <value>2022-08-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>262358</value>
                    <footnoteId id="F8"/>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>262358</value>
                    <footnoteId id="F8"/>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
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            <conversionOrExercisePrice>
                <value>10.09</value>
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            <exerciseDate>
                <footnoteId id="F5"/>
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            <expirationDate>
                <value>2022-08-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>252023</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>252023</value>
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            <ownershipNature>
                <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>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>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>216334</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
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        </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>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2973</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The exercise price of the Warrant is subject to certain automatic adjustments in accordance with the terms thereof. Based on these automatic adjustments to the original $11.00 exercise price, it has been determined that the exercise price of the Warrant is $8.84 as of June 30, 2016.</footnote>
        <footnote id="F2">Warrant vested in accordance with the following schedule: 50,000 shares vested on October 1, 2011 and the remainder vested in seven equal quarterly installments, beginning January 1, 2012.</footnote>
        <footnote id="F3">Warrant expires five years after the date vested.</footnote>
        <footnote id="F4">Warrant was assigned to assignee as part of the liquidation of an entity affiliated with the Reporting Person, and in consideration for certain consulting services rendered in 2010 to the entity, the value of which is undetermined.  The Warrant assigned vested on October 1, 2011 through October 1, 2012.</footnote>
        <footnote id="F5">Each of these SARs became fully vested on August 21, 2014.</footnote>
        <footnote id="F6">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="F7">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="F8">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 (6) and (7). As a result of the settlements of portions of the Purchase Contacts, the TEU Additional SAR accelerated in vesting with respect to 253,673 shares and 37,861 shares were forfeited as of August 19, 2016.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ James J. McKinney, Attorney-in-Fact</signatureName>
        <signatureDate>2016-08-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
