UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 1, 2012
Bank of Commerce Holdings
| California | 0-25135 | 94-2823865 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
| 1901 Churn Creek Road Redding, California |
96002 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (530) 772-3955
N/A
(Former Name or Former Address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 142-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On March 1, 2012, the Executive Compensation Committee of Redding Bank of Commerce granted equity awards in the form of stock options to the following named executives, under the 2010 Equity Award Plan:
| Patrick J. Moty | 36,000 Shares | |||||
| Linda J. Miles | 20,000 Shares | |||||
| Randy Eslick | 20,000 Shares | |||||
| Samuel Jimenez | 20,000 Shares | |||||
| Theodore Cumming | 14,000 Shares | |||||
| Robert Oberg | 10,000 Shares |
The options were issued at a strike price of $4.05, which was the market price as of the close of business on March 1, 2012. The options will vest over a five year period and will expire at the end of ten years.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| March 2, 2012 | ||
| /s/ Samuel D. Jimenez | ||
| By: Samuel D. Jimenez | ||
| Executive Vice President and | ||
| Chief Financial Officer | ||