<SEC-DOCUMENT>0001415889-17-000134.txt : 20170125
<SEC-HEADER>0001415889-17-000134.hdr.sgml : 20170125
<ACCEPTANCE-DATETIME>20170125202608
ACCESSION NUMBER:		0001415889-17-000134
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170123
FILED AS OF DATE:		20170125
DATE AS OF CHANGE:		20170125

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:		17547784

	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
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                <underlyingSecurityTitle>
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                <footnoteId id="F6"/>
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                <value>2022-08-22</value>
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    <footnotes>
        <footnote id="F1">Shares disposed to satisfy Mr. Sugarman's tax liability incurred by the accelerated vesting of 251,005 shares previously granted to him as an award on April 26, 2016. This award was previously scheduled to vest in full on April 1, 2017, but was subject to certain restrictions on transfer until April 1, 2021. Pursuant to the terms and conditions of the Separation Agreement entered into by the Issuer and Mr. Sugarman on January 23, 2017 (the &quot;Separation Agreement&quot;), the shares not otherwise withheld to satisfy Mr. Sugarman's tax liability are now fully vested, and are no longer subject to the former transfer restrictions.</footnote>
        <footnote id="F2">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 $8.72 as of December 31, 2016.</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">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.</footnote>
        <footnote id="F7">The TEU Additional SAR originally related to 300,219 shares of common stock. Prior to January 23, 2017, pursuant to the terms thereof, the TEU Additional SAR had accelerated in vesting with respect to 254,402 shares and 37,988 shares had been forfeited. Pursuant to the terms and conditions of the Separation Agreement, the TEU Additional SAR accelerated in vesting with respect to the final 7,829 shares on January 23, 2017. The TEU Additional SARs that have accelerated in vesting have the same terms and conditions as the original grant.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Albert Wang, Attorney-in-Fact</signatureName>
        <signatureDate>2017-01-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex24-01252017_050158.htm
<TEXT>
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<p style="margin:0px; font-size:12pt" align="center"><b>POWER OF ATTORNEY</b></p>
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<p style="margin:0px; font-size:12pt" align="justify"><b>KNOW ALL MEN BY THESE PRESENTS</b>, that Steven Sugarman, whose signature appears below, constitutes and appoints John Grosvenor, Albert Wang, Francisco Turner, and or any of them, his true and lawful attorney-in-fact and agents, with full power of substitution and re-substitution, for him and in his name, place and stead, in any and all capacities, to sign any report filed pursuant to Section 16 of the Securities Exchange Act of 1934, as amended, including any Form 3, Form 4 or Form 5 and all amendments to any such documents, if any, and to file the same, with any exhibits thereto, with the Securities and Exchange Commission (or other appropriate governmental authority for such purpose), granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all said attorneys-in-fact and agents of their substitutes or substitute may lawfully do or cause to be done by virtue hereof.</p>
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<p style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">Date:</p>
<p style="margin:0px; text-indent:-2px; font-size:12pt">November 19, 2016</p>
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<p style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:12pt; float:left">Signature:</p>
<p style="margin:0px; text-indent:-2px; font-size:12pt"><u>/s/ Steven Sugarman</u></p>
<p style="margin-top:0px; margin-bottom:-2px; width:96px; font-size:12pt; clear:left; float:left">Name: </p>
<p style="margin:0px; text-indent:-2px; font-size:12pt">Steven Sugarman</p>
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