0001127602-17-004408.txt : 20170207 0001127602-17-004408.hdr.sgml : 20170207 20170207175027 ACCESSION NUMBER: 0001127602-17-004408 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161227 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: Richman Larry D. CENTRAL INDEX KEY: 0001417338 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34066 FILM NUMBER: 17580278 MAIL ADDRESS: STREET 1: 1021 EAST OLIVE STREET CITY: ARLINGTON HEIGHTS STATE: IL ZIP: 60004 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2016-12-27 0000889936 PRIVATEBANCORP, INC PVTB 0001417338 Richman Larry D. C/O PRIVATEBANCORP, INC. 120 S. LASALLE STREET CHICAGO IL 60603 1 1 President and CEO Common Stock 2016-12-27 5 G 0 E 7600 0 D 485679.39 D Common Stock 2017-02-03 4 A 0 32574 0 A 518253.43 D Common Stock 2017-02-03 4 A 0 7566 0 A 525819.43 D Represents a charitable gift of shares of common stock by the reporting person. Includes 293 shares allocated to the reporting person's account under the Issuer's Savings and Retirement Plan as of December 31, 2016. 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 6,554 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 39,128 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