0001127602-17-004405.txt : 20170207
0001127602-17-004405.hdr.sgml : 20170207
20170207174102
ACCESSION NUMBER: 0001127602-17-004405
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170203
FILED AS OF DATE: 20170207
DATE AS OF CHANGE: 20170207
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: 17580249
MAIL ADDRESS:
STREET 1: 54 COVENTRY ROAD
CITY: NORTHFIELD
STATE: IL
ZIP: 60093
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-02-03
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
2017-02-03
4
A
0
9704
0
A
137692.07
D
Common Stock
2017-02-03
4
A
0
1773
0
A
139465.07
D
Common Stock
1300
I
Held By Spouse
Represents the additional number of shares of common stock that have become issuable based on achievement of a pre-established 3-year (2014-2016) EPS metric, as well as the Issuer's 3-year TSR relative to a pre-established index, under PSUs granted to the reporting person in March 2014. A further 1,952 shares of common stock issuable under the PSUs were previously reported on a Form 4, filed with the SEC on February 9, 2016, 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 and TSR levels which will result in vesting of the PSUs at 200% of target on February 28, 2017, 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 11,656 shares of common stock underlying the PSUs is generally deferred for an additional 2 years after vesting.
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, 2018) under PSUs granted to the reporting person in March 2015. The performance period for the PSUs is 2015-2017 but the PSUs also contain a 2-year interim performance threshold. Because the Issuer's 2-year cumulative EPS performance through December 31, 2016 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 represents 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.
/s/ Elizabeth Nemeth, Attorney-in-Fact
2017-02-07