SEC Form 4 · accession 0001209191-16-156705
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
Dec 13, 2016
Accepted (ET)
Dec 23, 2016 · 7:35 pm 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,F3 | Dec 13, 2016 | F | 1,533 | $32.80 | D | 63,041 | D | |
| Common Stock | holding | — | — | — | 70,444 | I | By K Brian Horton, Trustee of the K Brian Horton Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person is reporting this transaction late due to administrative error.
- F2The Reporting Person is reporting the withholding by CU Bancorp of 1,533 shares of common stock to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of 3,457 shares of restricted stock to the Reporting Person on December 13, 2016, in accordance with the vesting schedule set forth in the restricted stock grant.
- F3Includes 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.