INSERRA THOMAS J. (EVP & Chief Credit Officer) sold 52.6% of their position (50K shares) of PACIFIC MERCANTILE BANCORP on the open market
Open‑market sale worth $352.6K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.
S · 1 sale
Filed: 11/5/2019ACC: 0001562180-19-005358
Officer· EVP & Chief Credit Officer
Since Oct 2018
-50K
Net shares
Net seller
$352.6K
Total sold
1
Open market trades
0B · 1S
3
Total transactions
50K acquired · 100K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+50K
Price / share
$6.95
Trade value
$347.50K
% of position
111.0%
11/1/2019
45.04K→95.04K
Common Stock
Direct
Shares
−50K
Price / share
$7.05
Trade value
$352.59K
% of position
52.6%
11/1/2019
95.04K→45.04K
Total
Net shares
+0.00
Net value
-$5.09K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 11/1/2019 | M · Option Exercise | +50K | $6.95 | $347.50K | 111.0% | 45.04K | 95.04K |
| Common Stock Direct | 11/1/2019 | S · Sale | −50K | $7.05 | $352.59K | 52.6% | 95.04K | 45.04K |
| Total | +0.00 | -$5.09K | ||||||
Derivative Transactions1
Stock Option (Right to buy)
Direct
Converts to
Common Stock
50K shares
Shares
−50K
Strike price
6.95
Held after
0.00
Exercisable
—
11/1/2019
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Stock Option (Right to buy) Direct | Common Stock50K shares | 11/1/2019 | M · Option Exercise | −50K | 6.95 | — | 0.00 |
Non-Derivative Holdings (Post-Transaction)1
Common Stock
IndirectShares owned3K
Total
3K indirect3K
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common Stock | 3K | Indirect |
| Total | 3K | 3K indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported