SEC Form 4 · accession 0001209191-16-141876
CU Bancorp · CUNB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy A Salter
Director
Period of report
Sep 15, 2016
Accepted (ET)
Sep 16, 2016 · 6:34 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 15, 2016 | A | 1,200 | $0.00 | A | 3,870 | D | |
| Common Stock | holding | — | — | — | 62,590 | I | As Trustee of the Roy and Staci Living Trust | |
| Common Stock | holding | — | — | — | 1,565 | I | IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F11,200 restricted shares of common stock were granted to the Reporting Person on September 15, 2016. The closing price per share of the issuer's stock as of that date was $25.00 per share. The restricted stock shares are subject to time-based vesting pursuant to which the shares will vest on the earlier of September 15, 2017 or the date of CU Bancorp's 2017 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.