0001127602-16-040276.txt : 20160209 0001127602-16-040276.hdr.sgml : 20160209 20160209191151 ACCESSION NUMBER: 0001127602-16-040276 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160205 FILED AS OF DATE: 20160209 DATE AS OF CHANGE: 20160209 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PRIVATEBANCORP, INC CENTRAL INDEX KEY: 0000889936 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 363681151 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 120 SOUTH LASALLE STREET STREET 2: 4TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3126837100 MAIL ADDRESS: STREET 1: 120 SOUTH LASALLE STREET STREET 2: 4TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60603 FORMER COMPANY: FORMER CONFORMED NAME: PRIVATEBANCORP INC DATE OF NAME CHANGE: 19990408 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hague Bruce R. CENTRAL INDEX KEY: 0001417006 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34066 FILM NUMBER: 161401665 MAIL ADDRESS: STREET 1: 54 COVENTRY ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2016-02-05 0000889936 PRIVATEBANCORP, INC PVTB 0001417006 Hague Bruce R. C/O PRIVATEBANCORP, INC. 120 SOUTH LASALLE ST. CHICAGO IL 60603 1 Pres. of Natl. Com. Banking Common Stock 2016-02-05 4 A 0 1952 0 A 114932.82 D Common Stock 2016-02-05 4 A 0 6789 0 A 112980.82 D Common Stock 1300 I Held By Spouse Represents the minimum number of shares of common stock that have become issuable (subject to continued employment by the reporting person through the vesting date on March 1, 2017) under PSUs granted to the reporting person in March 2014. The performance period for the PSUs is 2014-2016 but the PSUs also contain a 2-year interim performance threshold. Because the Issuer's 2-year cumulative EPS performance through December 31, 2015 exceeded a pre-determined threshold, then upon vesting the reporting person is eligible to receive, at a minimum, the number of shares reported above which represent 33.5% of the target award. Based on the terms of the award, distribution of the shares underlying the PSUs will generally be deferred for an additional 2 years after vesting. Includes 3,761 shares allocated to the reporting person's account under the Issuer's Savings and Retirement Plan as of December 31, 2015. Represents the additional number of shares of common stock that have become issuable based on achievement of a pre-established 3-year (2013-2015) EPS metric under PSUs granted to the reporting person in March 2013. A further 3,395 shares of common stock issuable under the PSUs were previously reported on a Form 4, filed with the SEC on January 22, 2015, due to the Issuer's EPS performance during the first 2 years of the performance period. The Compensation Committee of the Issuer's Board of Directors certified that the Issuer achieved financial performance levels which will result in vesting of the PSUs at 150% of target on February 28, 2015, subject to continued employment by the reporting person with the Issuer to that date. Based on the terms of the award, distribution of the aggregate 10,184 shares of common stock underlying the PSUs is generally deferred for an additional 2 years after vesting. /s/ Elizabeth Nemeth, Attorney-in-Fact 2016-02-09