DENNEN ROBERT J 4
4 · CU Bancorp · Filed May 23, 2013
Insider Transaction Report
Form 4
CU BancorpCUNB
DENNEN ROBERT J
SVP, Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2013-05-21$14.60/sh−176$2,570→ 5,958 total
Footnotes (2)
- [F1]Includes 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.
- [F2]Exempt transaction pursuant to Section 16b-3(e). Payment of tax liability by delivering or withholding securities incident to the vesting of restricted stock issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of shares of restricted stock. The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.