Pacific Mercantile Bancorp (PMBC) Form 4 PACIFIC MERCANTILE BANCORP / Kittridge Chamberlain ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Chamberlain Kittridge

(Last) (First) (Middle)

949 SOUTH COAST DRIVE

THIRD FLOOR

(Street)

COSTA MESA CA 92626

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PACIFIC MERCANTILE BANCORP [ PMBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP Corporate Finance

3. Date of Earliest Transaction (Month/Day/Year)
12/06/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/08/2017		M		1,396	A	$6.24	18,362	D
Common Stock	12/08/2017		M		2,005	A	$6.18	20,367	D
Common Stock	12/08/2017		S		946	D	$9.1426	19,421	D
Common Stock	12/08/2017		S		1,345	D	$9.1426	18,076	D
Common Stock	12/06/2017		M		3,401	A	$6.24	18,397	D
Common Stock	12/06/2017		S		2,254	D	$9.7	16,143	D
Common Stock	12/07/2017		M		3,401	A	$7.1	19,544	D
Common Stock	12/07/2017		S		2,578	D	$9.5806(1)	16,966	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Option	$6.24	12/08/2017		M			1,396	(2)	09/03/2023	Common Stock	1,396	$0.00	0.00	D
Common Stock Option	$6.18	12/08/2017		M			2,005	(3)	03/07/2024	Common Stock	2,005	$0.00	3,459	D
Common Stock Option	$6.24	12/06/2017		M			3,401	(2)	09/03/2023	Common Stock	3,401	$0.00	1,396	D
Common Stock Option	$7.1	12/07/2017		M			3,401	(4)	02/17/2025	Common Stock	3,401	$0.00	4,577	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $9.55 USD to $9.65 USD; the price reported above reflects the weighted average sale price.

2. 3 Years Annually beginning on 03-Sep-2013

3. 5 Years Annually beginning on 07-Mar-2014

4. 3 Years Annually beginning on 17-Feb-2015

Remarks:

	/s/ Nancy Gray, attorney in fact for KITTRIDGE M CHAMBERLAIN	12/08/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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