SEC Form 4 · accession 0001209191-15-028357
CU Bancorp · CUNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anita Wolman
Officer — EVP and General Counsel
Period of report
Mar 19, 2015
Accepted (ET)
Mar 20, 2015 · 7:25 pm EDT
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 19, 2015 | A | 12,000 | $0.00 | A | 66,174 | D | |
| Common Stock | holding | — | — | — | 5,200 | I | By Spouse in Retirement Plans |
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 | 5,000 | 5,000 | D |
Explanation of responses
- F112,000 restricted shares of common stock were granted to the Reporting Person on March 19, 2015. The closing price of the issuer's stock as of the date of the grant was $21.00. The restricted shares of common stock are subject to a time-based vesting pursuant to which 6,000 shares will vest on March 19, 2017 and 3,000 shares will vest on each of March 19, 2018 and 2019.
- 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.