First Choice Bancorp Form 3 First Choice Bancorp / JAMES H GRAY ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

GRAY JAMES H

(Last) (First) (Middle)

17785 CENTER COURT DRIVE

SUITE 750

(Street)

CERRITOS CA 90703

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/30/2018

3. Issuer Name and Ticker or Trading Symbol
First Choice Bancorp [ FCBP ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,771(1)	D
Common Stock	8,977	I	Jim & Gail Gray Rev. Trust
Common Stock	520	I	IRA
Common Stock	12,980	I	Roth IRA

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to buy)	(3)	03/28/2024	Common Stock	5,408(4)	11.3258(2)	D

Explanation of Responses:

1. Includes 1,829 unvested Restricted Stock Awards ("RSAs") awarded on December 21, 2017 to the reporting person for no additional cash consideration, each of which represent a contingent right to receive one share of First Choice Bancorp. common stock.

2. Price reflects dividend equivalents paid on April 15, 2015 and July 22, 2016.

3. These options vests equally over five years starting from the grant date anniversary, which is March 28, 2014.

4. The quantity includes 408 shares of dividend equivalents paid on April 15, 2015 and July 22, 2016.

Remarks:

	Yvonne Chen, as attorney in fact for James Gray	04/30/2018
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.