SEC Form 4 · accession 0001209191-15-077598
CU Bancorp · CUNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth J Cosgrove
Director
Period of report
Oct 29, 2015
Accepted (ET)
Nov 2, 2015 · 11:02 am 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 | Oct 29, 2015 | A | 1,170 | $0.00 | A | 86,322 | D | |
| Common Stock | holding | — | — | — | 175,282 | I | Trustee of the Kenneth Cosgrove & Carolyn Cosgrove Trust | |
| Common Stock | holding | — | — | — | 22,956 | I | Kenneth Cosgrove's 401K | |
| Common Stock | holding | — | — | — | 15,098 | I | Kenneth Cosgrove's Self-Directed IRA | |
| Common Stock | holding | — | — | — | 19,885 | I | Spouse's Self-Directed IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F11,170 restricted shares of common stock were granted to the Reporting Person on October 29, 2015. The closing price per share of the issuer's stock as of that date was $25.62 per share. The restricted stock shares are subject to time-based vesting pursuant to which the shares will vest on the earlier of October 29, 2016 or the date of CU Bancorp's 2016 Annual Shareholder Meeting.
- F2Includes shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon the occurance of certain events specified in the restricted stock grant.