SEC Form 4 · accession 0001209191-17-057792

CU Bancorp · CUNB

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

Reporting owner

Director

Period of report

Oct 20, 2017

Accepted (ET)

Oct 23, 2017 · 6:28 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	D/I	Nature of ownership
Common Stock^F1,F2	Oct 20, 2017	D	22,100	—	D	I	Trustee of the Charles and Judith Sweetman Family Trust
Common Stock^F1,F2	Oct 20, 2017	D	1,500	—	D	I	Judith Sweetman as Custodian under CUTMA for Drake W. Radmacher
Common Stock^F1,F2	Oct 20, 2017	D	1,500	—	D	I	Judith Sweetman as Custodian under CUTMA for Ivy K. Radmacher
Common Stock^F1,F2	Oct 20, 2017	D	1,100	—	D	I	Judith Sweetman as Custodian under CUTMA for Zachary A. Kosma
Common Stock^F1,F2	Oct 20, 2017	D	1,100	—	D	I	Judith Sweetman as Custodian under CUTMA for Marcus Oliver Kosma
Common Stock^F1,F2	Oct 20, 2017	D	3,400	—	D	I	Charles H. Sweetman as Custodian under CUTMA for Kaylee J. Sweetman
Common Stock^F1,F2	Oct 20, 2017	D	2,900	—	D	I	Charles H. Sweetman as Custodian under CUTMA for Patrick C. Roche
Common Stock^F1,F2	Oct 20, 2017	D	2,900	—	D	I	Charles H. Sweetman as Custodian under CUTMA for Sophia Rose Sweetman Trust
Common Stock^F1,F2	Oct 20, 2017	D	1,000	—	D	I	Charles H. Sweetman as Custodian under CUTMA for Emily K. Roche
Common Stock^F1,F2	Oct 20, 2017	D	25,370	—	D	I	Trustee of the Charles H. Sweetman 1996 Trust
Common Stock^F1,F2	Oct 20, 2017	D	2,000	—	D	I	Member / Manager of Sweetman Properties LLC
Common Stock^F1,F2	Oct 20, 2017	D	1,000	—	D	I	Trustee of the Judith Sweetman Trust

No Table II lines on this filing.

F1On October 20, 2017, pursuant to the Agreement and Plan of Merger, dated as of April 5, 2017, by and between PacWest Bancorp ("PacWest") and CU Bancorp ("CUB"), CUB merged with and into PacWest ("Merger"), and each outstanding CUB common share, other than excluded shares and dissenting shares, was converted into the right to receive (i) $12.00 in cash and (ii) 0.5308 of a share of PacWest common stock, with cash payable in lieu of a fractional share in an amount equal to the fraction of a share of PacWest common stock which the holder would otherwise be entitled to receive multiplied by $48.9248. In connection with the Merger, the reporting person has the right to receive, in exchange for all of the CUB common shares reported in Table I, an aggregate of 34,963 shares of PacWest common stock and $790,440 in cash, with cash payable in lieu of a fractional share of PacWest common stock, subject to any required tax withholding under applicable law. [Continued in FN2]
F2[Continued from FN1] On October 20, 2017, the effective date of the Merger, the closing price of PacWest common stock was $47.99 per share.