SEC Form 4 · accession 0001209191-16-135638
CU Bancorp · CUNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Sjogren
Officer — EVP, Chief Risk Officer
Period of report
Aug 4, 2016
Accepted (ET)
Aug 5, 2016 · 12:12 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 | Aug 4, 2016 | A | 5,000 | $0.00 | A | 5,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F15,000 restricted shares of common stock were granted to the Reporting Person on August 4, 2016. The closing price per share of the Issuer's stock as of that date was $23.91 per share. The restricted stock shares are subject to time-based vesting pursuant to which 50% of the shares will vest on the anniversary of the grant, and 25% will vest on each anniversary thereafter.
- 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.