0001209191-17-017738.txt : 20170303 0001209191-17-017738.hdr.sgml : 20170303 20170303171126 ACCESSION NUMBER: 0001209191-17-017738 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170302 FILED AS OF DATE: 20170303 DATE AS OF CHANGE: 20170303 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CU Bancorp CENTRAL INDEX KEY: 0001543643 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 900779788 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 15821 VENTURA BOULEVARD, SUITE 100 CITY: ENCINO STATE: CA ZIP: 91436 BUSINESS PHONE: (818) 257-7779 MAIL ADDRESS: STREET 1: 15821 VENTURA BOULEVARD, SUITE 100 CITY: ENCINO STATE: CA ZIP: 91436 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Rainer David I CENTRAL INDEX KEY: 0001555186 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35683 FILM NUMBER: 17665110 MAIL ADDRESS: STREET 1: C/O CU BANCORP STREET 2: 15821 VENTURA BOULEVARD, SUITE 100 CITY: ENCINO STATE: CA ZIP: 91436 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-03-02 0 0001543643 CU Bancorp CUNB 0001555186 Rainer David I C/O CU BANCORP 15821, VENTURA BLVD. SUITE 100 ENCINO CA 91436 1 1 0 0 Chairman & CEO Common Stock 2017-03-02 4 M 0 11944 16.00 A 213565 I Trustee of the David and Anne Rainer Trust Common Stock 2017-03-02 4 S 0 11944 38.57 D 201621 I Trustee of the David and Anne Rainer Trust Common Stock 2017-03-03 4 M 0 11389 16.00 A 213010 I Trustee of the David and Anne Rainer Trust Common Stock 2017-03-03 4 S 0 11389 38.05 D 201621 I Trustee of the David and Anne Rainer Trust Common Stock 21265 D Common Stock 31634 I IRA Options to Purchase Common Stock 16.00 2017-03-02 4 M 0 11944 16.00 D 2017-09-24 Common Stock 23333 11389 D Options to Purchase Common Stock 16.00 2017-03-03 4 M 0 11389 16.00 D 2017-09-24 Common Stock 11389 0 D Restricted Stock Units Common Stock 40000 40000 D The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 30, 2017. This figure represents the weighted average sale price for all transactions, which are being aggregated and reported on a single line, as the transactions were all effectuated within a one dollar range, ranging from $38.25 to $39.55 per share. The Reporting Person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares purchased or sold at each separate price. This figure represents the weighted average sale price for all transactions, which are being aggregated and reported on a single line, as the transactions were all effectuated within a one dollar range, ranging from $38.00 to $38.35 per share. The Reporting Person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares purchased or sold at each separate price. Includes shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. As of filing date, the stock option grant is 100% vested and immediately exercisable. Each restricted stock unit represents a contingent right to receive one share of CUNB stock. The restricted stock units will vest in three(3) installments to which 20,000 shares will vest on March 19, 2017 and 10,000 shares will vest on each March 19, 2018 and 2019. Vested shares will be delivered to the Reporting Person on or before March 15 in the calendar year following the vesting except to the extent that CUNB reasonably anticipates that CUNB's corporate income tax deduction for the payment of shares will be limited or eliminated as a result of the application of Internal Revenue Code Section 162(m). CUNB will defer the payment and delivery of such shares to the earliest date where CUNB reasonably anticipates that such deduction will not be limited or eliminated by application of Internal Revenue Code Section 162(m). David I. Rainer, By: Anita Y. Wolman, Attorney-in-Fact. 2017-03-03