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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/10/2023 |
3. Issuer Name and Ticker or Trading Symbol
Southern California Bancorp \ CA [ BCAL ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 05/10/2023 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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 | 1,652(1) | D | |
Common Stock | 2,346,349(2) | I | By Castle Creek Advisors IV LLC and Castle Creek Capital Partners VI LP |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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 | (3) | 03/15/2027 | Common Stock | 10,000 | 9.67 | D | |
Stock Options | (4) | 02/20/2029 | Common Stock | 7,500 | 12.96 | D |
Explanation of Responses: |
1. This amendment corrects the number of shares beneficially owned directly by the Reporting Person. Such shares include restricted stock units ("RSUs") granted to the Reporting Person on January 18, 2023, of which, as of the filing date of the original Form 3 (May 10, 2023), 1,452 shares remained to be issued upon vesting of the RSUs in three installments on July 3, 2023, October 3, 2023 and January 3, 2024. |
2. Includes 5,630 shares held by Castle Creek Advisors IV LLC and 2,340,719 shares held by Castle Creek Capital Partners VI LP of common stock, respectively. Mr. Volk, a managing principal of Castle Creek, disclaims beneficial ownership of such shares held by Castle Creek Advisors IV LLC and Castle Creek Capital Partners VI LP, except to the extent of his pecuniary interest therein. |
3. These options are fully vested. |
4. Includes stock options that were granted to the Reporting Person on February 20, 2019, of which 1,500 shares remain to be vested, and will vest on February 20, 2024. |
Manisha Merchant, by POA for David Volk | 09/15/2023 | |
** 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. |