0000950170-24-088711.txt : 20240731 0000950170-24-088711.hdr.sgml : 20240731 20240731171947 ACCESSION NUMBER: 0000950170-24-088711 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240731 FILED AS OF DATE: 20240731 DATE AS OF CHANGE: 20240731 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dorrance Thomas M. CENTRAL INDEX KEY: 0001808167 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39242 FILM NUMBER: 241163055 MAIL ADDRESS: STREET 1: C/O CALIFORNIA BANCORP STREET 2: 1300 CLAY STREET, FIFTH FLOOR CITY: OAKLAND STATE: CA ZIP: 94612 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: California BanCorp CENTRAL INDEX KEY: 0001752036 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 821751097 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1300 CLAY STREET STREET 2: SUITE 500 CITY: OAKLAND STATE: CA ZIP: 94612 BUSINESS PHONE: 510-457-3769 MAIL ADDRESS: STREET 1: 1300 CLAY STREET STREET 2: SUITE 500 CITY: OAKLAND STATE: CA ZIP: 94612 4 1 ownership.xml 4 X0508 4 2024-07-31 true 0001752036 California BanCorp CALB 0001808167 Dorrance Thomas M. 1300 CLAY STREET, SUITE 500 OAKLAND CA 94612 false true false false Chief Technology Officer false Common Stock 2024-07-31 4 D false 26351 0 D 0 D Stock Option (right to buy) 13.19 2024-07-31 4 D false 3150 D 2025-09-17 Common Stock 3150 0 D Stock Option (right to buy) 20.62 2024-07-31 4 D false 3785 D 2027-12-21 Common Stock 3785 0 D Stock Option (right to buy) 23.45 2024-07-31 4 D false 3785 D 2028-01-18 Common Stock 3785 0 D Stock Option (right to buy) 21.35 2024-07-31 4 D false 20000 D 2028-06-21 Common Stock 20000 0 D Stock Option (right to buy) 11.50 2024-07-31 4 D false 4000 D 2030-03-19 Common Stock 4000 0 D Stock Option (right to buy) 18.17 2024-07-31 4 D false 4000 D 2031-03-08 Common Stock 4000 0 D Stock Option (right to buy) 23.04 2024-07-31 4 D false 4000 D 2032-04-12 Common Stock 4000 0 D Stock Option (right to buy) 25.33 2024-07-31 4 D false 4000 D 2033-02-16 Common Stock 4000 0 D Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated January 31, 2024 (the "Merger Agreement"), by and between the Issuer and Southern California Bancorp ("BCAL"). Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each share of Issuer common stock converted into the right to receive 1.590 shares of BCAL common stock (the "Exchange Ratio"), with cash paid in lieu of fractional shares. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock. Includes restricted stock units with respect to 6,780 shares of the Issuer's common stock. Pursuant to the Merger Agreement, at the effective time of the merger, the reporting person's restricted stock units vested and reporting person became entitled to receive a number of shares BCAL common stock equal to the number of shares of issuer common stock underlying the restricted stock unit multiplied by the Exchange Ratio. This total amount corrects an administrative error in the total amount reported in previous filings. No reportable transaction was omitted from previously filings. Pursuant to the Merger Agreement, at the effective time of the merger, each of the reporting person's stock options was converted in to the right to receive the amount, if any, by which the exercise price exceeds $22.98 (the value of the per share merger consideration), less required tax withholdings. /s/ Tom M. Dorrance, by Debra Bradford, attorney-in-fact 2024-07-31