SEC FORM 4

SEC Form 4

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^*

Sweetman Charles H

(Last)

(First)

(Middle)

C/O CU BANCORP 15821 VENTURA BLVD.

SUITE 100

(Street)

ENCINO

91436

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CU Bancorp [ CUNB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/07/2012

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/07/2012		A		1,000⁽¹⁾	A	$11.55	15,750⁽²⁾	D
Common Stock								37,750⁽³⁾	I	As Trustee of the Charles H. Sweetman 1996 Trust
Common Stock								2,000⁽³⁾	I	As Member/Manager of Sweetman Properties LLC
Common Stock								1,000⁽³⁾	I	By Spouse as Trustee of the Judith Sweetman Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 1,000 restricted shares of common stock were granted to the reporting person on September 7, 2012. The closing price per share of the issuer's stock as of that date was $11.55 per share. The restricted stock shares are subject to time-based vesting pursuant to which 500 shares will vest on each of September 7, 2013 and 2014.

2. Includes previously reported 750 shares of restricted stock granted on June 27, 2011 that will vest fully on June 27, 2013 which shares of CU Bancorp common stock were received pursuant to the Agreement and Plan of Merger between CU Bancorp. California United Bank, Premier Commercial Bancorp and Premier Commercial Bank, N. A. dated December 8, 2011, in exchange for shares of California United Bank common stock as described in greater detail in the Form S-4 originally filed on April 13, 2012, effective June 20, 2012 (File # 333-180739).

3. The shares of CU Bancorp common stock were received pursuant to the Agreement and Plan of Merger between CU Bancorp, California United Bank, Premier Commercial Bancorp and Premier Commercial Bank, N.A. dated December 8, 2011, in exchange for shares of California United Bank common stock as described in greater detail in the Form S-4 originally filed on April 13, 2012, effective June 20, 2012 (File # 333-180739).

	/s/ Anita Wolman, by power of attorney	09/11/2012
	** 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).
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