________________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 23, 2007
UNIONBANCAL CORPORATION
______________________________________________________
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 001-15081 94-1234979
________________________ ________________________ ____________________
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
400 California Street
San Francisco, CA 94104-1302
___________________________________________________
(Address of principal executive offices) (Zip Code)
Tel. (415) 765-2969
__________________________________________________
Registrant's telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
________________________________________________________________________________
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
(d) ELECTION OF DIRECTOR. Effective October 23, 2007, Christine Garvey
was elected a Director of UnionBanCal Corporation and a Director of Union Bank
of California, N.A. and a member of the Board's Corporate Governance Committee
and Trust, Investment & Brokerage Oversight Committee. Ms. Garvey, 62, retired,
is a real estate consultant, who served as Global Head of Corporate Real Estate
and Services for Deutsche Bank AG from May 2001 to May 2004. From December 1999
until April 2001, Ms. Garvey served as Vice President, Worldwide Real Estate and
Workplace Resources at Cisco Systems, Inc. Previously, Ms. Garvey held several
positions with Bank of America, including Group Executive Vice President and
Head of National Commercial Real Estate Services. Ms. Garvey is a director
Hilton Hotels and Prologis.
Effective October 23, 2007, Barbara L. Rambo was elected a Director of
UnionBanCal Corporation and a Director of Union Bank of California, N.A. and a
member of the Board's Executive Compensation & Benefits Committee and Public
Policy Committee. Ms. Rambo, 55, is currently Vice Chair of Nietech Corporation
(payments technology company) and served as Chief Executive Officer of Nietech
Corporation from November 2002 until October 2006. Prior to joining Nietech, Ms.
Rambo served as Chair of the Board of OpenClose Technologies, Inc. (financial
services company) from June 2001 to December 2001, as President and Chief
Executive Officer of that company from January 2000 to June 2001, and as a
Director from January 2000 through March 2002. Previously, Ms. Rambo held
several executive positions with Bank of America, most recently Group Executive
Vice President and Head of National Commercial Banking. Ms. Rambo is a director
of Pacific Gas and Electric Company and PG&E Corporation.
On October 23, 2007, Ms. Garvey and Ms. Rambo received grants of
restricted stock units under the Year 2000 UnionBanCal Corporation Management
Stock Plan (the "Plan") equal to $150,000 as calculated based on the Fair Market
Value (as defined in the Plan) of UnionBanCal common stock as of October 23,
2007. These grants of restricted stock units consist of an annual grant and an
initial grant, each equal to $75,000 as calculated based on the Fair Market
Value of UnionBanCal common stock on October 23, 2007, which shall vest as
follows: the annual grant shall vest in full on the first anniversary of the
date of grant, and the initial grant shall vest in equal 1/3 installments on
each of the first three anniversaries of the date of grant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: October 23, 2007
UNIONBANCAL CORPORATION
By: /s/ JOHN H. MCGUCKIN, JR.
________________________________
John H. McGuckin, Jr.
EVP, GENERAL COUNSEL & SECRETARY
(DULY AUTHORIZED OFFICER)