SEC Form 4 · accession 0001209191-15-076031
CU Bancorp · CUNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
K Brian Horton
Officer — President · Director
Period of report
Oct 15, 2015
Accepted (ET)
Oct 19, 2015 · 12:41 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 | Oct 15, 2015 | M | 6,749 | $7.59 | A | 64,409 | D | |
| Common StockF1,F3,F4 | Oct 15, 2015 | S | 6,749 | $22.18 | D | 57,660 | D | |
| Common StockF1 | Oct 16, 2015 | M | 2,633 | $7.59 | A | 60,293 | D | |
| Common StockF1,F5 | Oct 16, 2015 | S | 2,633 | $22.20 | D | 57,660 | D | |
| Common Stock | holding | — | — | — | 77,169 | I | By K Brian Horton, Trustee of the K Brian Horton Trust | |
| Common Stock | holding | — | — | — | 3,362 | I | By Chester E Horton Jr. as Custodian for UTMA/CA for Christopher R. Horton |
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 StockF6 | $7.59 | Oct 15, 2015 | M | 6,749 | D | — | Jun 21, 2016 | Common Stock | 59,150 | 52,401 | D |
| Options to Purchase Common StockF6 | $7.59 | Oct 16, 2015 | M | 2,633 | D | — | Jun 21, 2015 | Common Stock | 52,401 | 49,768 | D |
Explanation of responses
- F1Includes 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.
- F2The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 4, 2015.
- F3Represents the aggregate of sales effected on the same day at different prices.
- F4This 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 $22.05 to $22.25 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.
- F5This 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 $22.10 to $22.27 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.
- F6As of filing date, the stock option grant is 100% vested and immediately exercisable.