| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Triumph Bancorp, Inc. [ TBK ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/27/2021 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 01/27/2021 | M | 839 | A | $25.8 | 30,302 | D | |||
| Common Stock | 01/27/2021 | F(1) | 497 | D | $61.23 | 29,805 | D | |||
| Common Stock | 01/27/2021 | M | 1,249 | A | $15.87 | 31,054 | D | |||
| Common Stock | 01/27/2021 | F(2) | 598 | D | $61.23 | 30,456(3) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Options(4) | $25.8 | 01/27/2021 | M | 839 | (5) | 04/01/2027 | Common Stock | 839 | $0.00 | 5,877 | D | ||||
| Employee Stock Options(4) | $15.87 | 01/27/2021 | M | 1,249 | (5) | 04/01/2026 | Common Stock | 1,249 | $0.00 | 8,746 | D | ||||
| Explanation of Responses: |
| 1. Represents a "net exercise" of outstanding stock options. The reporting person received 342 shares of common stock on net exercise of an option to purchase 839 shares of common stock. The Issuer withheld 497 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing price of the Issuer's common stock on January 26, 2021 of $61.23, pursuant to the terms of the Issuer's 2014 Omnibus Incentive Plan. |
| 2. Represents a "net exercise" of outstanding stock options. The reporting person received 651 shares of common stock on net exercise of an option to purchase 1249 shares of common stock. The Issuer withheld 598 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing price of the Issuer's common stock on January 26, 2021 of $61.23, pursuant to the terms of the Issuer's 2014 Omnibus Incentive Plan. |
| 3. Consists of (i) 26,312 shares of common stock beneficially owned by reporting person, and (ii) 4,144 shares of restricted stock of the reporting person subject to future time vesting requirements. |
| 4. Represents non-qualified stock options of Issuer granted to reporting person under Issuer's 2014 Omnibus Incentive Plan. |
| 5. Exercise of the employee stock option is subject to vesting over four years from the date of grant, with one fourth of such options becoming exercisable on each of the first four anniversaries of the date of grant. |
| Remarks: |
| Adam D. Nelson, Attorney-in-fact | 01/29/2021 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||