SEC Form 4 · accession 0001209191-15-076460

CU Bancorp · CUNB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman & CEO · Director

Period of report

Oct 22, 2015

Accepted (ET)

Oct 22, 2015 · 4:47 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 Stock^F1	Oct 22, 2015	G	230	—	D	183,736	I	Trustee of the David and Anne Rainer Trust
Common Stock^F1	Oct 22, 2015	G	230	—	D	183,506	I	Trustee of the David and Anne Rainer Trust
Common Stock^F1	Oct 22, 2015	G	230	—	D	183,276	I	Trustee of the David and Anne Rainer Trust
Common Stock^F2	holding	—	—		—	23,100	D
Common Stock	holding	—	—		—	31,634	I	IRA

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options to Purchase Common Stock^F3	$12.20	holding	—	—	—	—	Apr 27, 2017	Common Stock	10,000	0	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	—	—	Common Stock	40,000	40,000	D
Options to Purchase Common Stock^F3	$16.00	holding	—	—	—	—	Sep 24, 2017	Common Stock	23,333	23,333	D
Options to Purchase Common Stock^F3	$17.50	holding	—	—	—	—	Feb 26, 2017	Common Stock	60,000	60,000	D
Options to Purchase Common Stock^F3	$22.00	holding	—	—	—	—	Apr 25, 2016	Common Stock	10,000	10,000	D

F1The shares were given as a bona fide gift.
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.
F4Each restricted stock unit represents a contingent right to receive one share of CUNB stock.
F5The 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).