SEC Form 4 · accession 0001209191-15-070594
CU Bancorp · CUNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anne A Williams
Officer — EVP, CCO & COO
Period of report
Sep 12, 2015
Accepted (ET)
Sep 14, 2015 · 7:21 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 | Sep 12, 2015 | F | 1,315 | $21.88 | D | 117,330 | D |
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 |
| Options to Purchase Common StockF3 | $12.20 | holding | — | — | — | — | Apr 27, 2017 | Common Stock | 8,500 | 8,500 | D |
Explanation of responses
- F1The reporting person is reporting the withholding by CU Bancorp of 1,315 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the vesting of 3,500 shares of restricted stock which vested on September 12, 2015, in accordance with the vesting schedule set forth in the restricted stock grant.
- F2Include 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.