0001140361-24-018408.txt : 20240405
0001140361-24-018408.hdr.sgml : 20240405
20240405180350
ACCESSION NUMBER: 0001140361-24-018408
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240401
FILED AS OF DATE: 20240405
DATE AS OF CHANGE: 20240405
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Plourd Martin E
CENTRAL INDEX KEY: 0001334871
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23575
FILM NUMBER: 24827683
MAIL ADDRESS:
STREET 1: 27710 JEFFERSON AVE., SUITE A-100
CITY: TEMECULA
STATE: CA
ZIP: 92590
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COMMUNITY WEST BANCSHARES /
CENTRAL INDEX KEY: 0001051343
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 770446957
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 445 PINE AVE
CITY: GOLETA
STATE: CA
ZIP: 93117
BUSINESS PHONE: 8056925821
MAIL ADDRESS:
STREET 1: 445 PINE AVE
CITY: GOLETA
STATE: CA
ZIP: 93117
4
1
form4.xml
FORM 4
X0508
4
2024-04-01
true
0001051343
COMMUNITY WEST BANCSHARES /
CWBC
0001334871
Plourd Martin E
445 PINE AVE.
GOLETA
CA
93117
true
true
President and CEO
false
Common Stock
2024-04-01
4
D
0
104412
15.71
D
0
D
Stock Option
6.7
2024-04-01
4
D
0
1650
A
2016-03-26
2025-03-26
Common Stock
1650
0
D
Stock Option
6.7
2024-04-01
4
D
0
20000
A
2016-03-26
2025-03-26
Common Stock
20000
0
D
Stock Option
6.86
2024-04-01
4
D
0
25000
A
2017-03-24
2026-03-24
Common Stock
25000
0
D
Stock Option
10.3
2024-04-01
4
D
0
20000
A
2018-02-22
2027-02-22
Common Stock
20000
0
D
Stock Option
10.99
2024-04-01
4
D
0
10000
A
2018-12-20
2027-12-20
Common Stock
10000
0
D
Stock Option
10.56
2024-04-01
4
D
0
20000
A
2019-11-15
2028-11-15
Common Stock
20000
0
D
Stock Option
10.7
2024-04-01
4
D
0
20000
A
2021-02-27
2030-02-27
Common Stock
20000
0
D
Stock Option
6.71
2024-04-01
4
D
0
3000
A
2021-04-29
2030-04-29
Common Stock
3000
0
D
Stock Option
9.89
2024-04-01
4
D
0
25000
A
2022-02-25
2031-02-25
Common Stock
25000
0
D
Stock Option
12.94
2024-04-01
4
D
0
20000
A
2022-11-18
2031-11-18
Common Stock
20000
0
D
Restricted Stock Award
0
2024-04-01
4
D
0
6000
A
2024-04-01
Common Stock
6000
0
D
Stock Option
14.72
2024-04-01
4
D
0
10000
A
2023-11-17
2032-11-17
Common Stock
10000
0
D
Restricted Stock Award
0
2024-04-01
4
D
0
4800
A
2024-04-01
Common Stock
4800
0
D
Disposed of pursuant to the Agreement and Plan of Merger, dated as of October 10, 2023 (the "Merger Agreement"), by and between Central Valley Community Bancorp ("Central Valley") and Community West Bancshares (the "Company"), providing for the Company to merge (the "Merger") with and into Central Valley with Central Valley being the surviving entity. The Merger became effective at 12:01 a.m. on April 1, 2024 (the "Effective Time"), at which time (i) each share of Company common stock, other than excluded shares and dissenting shares, was converted into the right to receive 0.79 of a share of common stock of Central Valley, with cash to be paid in lieu of any fractional shares of common stock of Central Valley (the "Merger Consideration"); (to be continued).
(Continued from Footnote (1)) (ii) each outstanding unvested Company restricted stock award automatically vested in full and became entitled to the Merger Consideration; and (iii) each outstanding unvested Company stock option automatically vested in full, and each outstanding stock option was substituted for a stock option issued by Central Valley for the right to receive a number of shares of Central Valley's common stock at an exercise price, both adjusted for the Merger Consideration. Based on the closing stock price of Central Valley as of March 28, 2024, or $19.89 per share of Central Valley common stock), the value of the Merger Consideration was $15.71 ($19.89 * $ 0.79). Also as of April 1, 2024, Central Valley changed its corporate name to Community West Bancshares.
Not applicable.
/s/ Nadia Young on behalf of Martin E. Plourd
2024-04-05