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