SEC Form 4 · accession 0001209191-16-089001
People's Utah Bancorp · PUB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Glenn Anderson
Officer — SVP - Chief Credit Officer · Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 5:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001636286
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jan 4, 2016 | M | 13,200 | $4.85 | A | 17,241 | D | |
| Common Shares | Jan 4, 2016 | J | 14,547 | $0.00 | D | 2,694 | D | |
| Common Shares | Jan 4, 2016 | J | 14,547 | $0.00 | A | 339,363 | I | By Davemar Holding, LLC |
| Common Shares | Jan 1, 2016 | J | 285,064 | $0.00 | D | 576,984 | I | By Glenmaur Investments, Ltd. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Option (right to buy) | $4.85 | Jan 4, 2016 | M | 13,200 | D | Jan 1, 2011 | Jan 1, 2020 | Common Shares | 13,200 | 26,400 | D |
Explanation of responses
- F1Shares transferred to investment entity. Because Mr. Anderson has a pecuniary interest in all of the shares held by Davemar Holding, LLC, Mr. Anderson's pecuniary interest in the common shares transferred to Davemar Holding, LLC remains unchanged.
- F2A limited partner of Glenmaur Investments, Ltd. received a distribution of 285,064 common shares of PUB in conjunction with the limited partner's exit from the entity. Mr. Anderson's pecuniary interest in Glenmaur Investments, Ltd. remains unchanged after the distribution. However, because Mr. Anderson previously reported the beneficial ownership of all of the common shares held by Glenmaur Investments, Ltd., this decrease in PUB common shares held by Glenmaur Investments, Ltd. is being reflected on this Form 4.