SEC Form 4 · accession 0001209191-15-022858
CU Bancorp · CUNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David I Rainer
Officer — Chairman & CEO · Director
Period of report
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 3:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001543643
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 3, 2015 | A | 4,800 | $0.00 | A | 105,403 | D | |
| Common Stock | holding | — | — | — | 110,544 | I | Trustee of the David and Anne Rainer Trust | |
| Common Stock | holding | — | — | — | 31,500 | I | IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Purchase Common StockF3 | $22.00 | holding | — | — | — | — | Apr 25, 2016 | Common Stock | 10,000 | 10,000 | D |
| Options to Purchase Common StockF3 | $17.50 | holding | — | — | — | — | Feb 26, 2017 | Common Stock | 60,000 | 60,000 | D |
| Options to Purchase Common StockF3 | $16.00 | holding | — | — | — | — | Sep 24, 2017 | Common Stock | 23,333 | 23,333 | D |
| Options to Purchase Common StockF3 | $12.20 | holding | — | — | — | — | Apr 27, 2017 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F14,800 restricted shares of common stock were granted to the Reporting Person on March 3, 2015. The closing price of the issuer's stock as of the date of the grant was $20.85. The restricted shares of common stock will vest on March 3, 2016.
- F2Includes 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.
- F3As of filing date, the stock option grant is 100% vested and immediately exercisable.