4//SEC Filing
CU Bancorp 4
Accession 0001209191-17-017738
CIK 0001543643operating
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:11 PM ET
Size
19.2 KB
Accession
0001209191-17-017738
Insider Transaction Report
Form 4
CU BancorpCUNB
Rainer David I
DirectorChairman, President, CEO
Transactions
- Exercise/Conversion
Common Stock
2017-03-02$16.00/sh+11,944$191,104→ 213,565 total(indirect: By Trust) - Sale
Common Stock
2017-03-02$38.57/sh−11,944$460,680→ 201,621 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2017-03-03$16.00/sh+11,389$182,224→ 213,010 total(indirect: By Trust) - Sale
Common Stock
2017-03-03$38.05/sh−11,389$433,351→ 201,621 total(indirect: By Trust) - Exercise/Conversion
Options to Purchase Common Stock
2017-03-02$16.00/sh−11,944$191,104→ 11,389 totalExercise: $16.00Exp: 2017-09-24→ Common Stock (23,333 underlying) - Exercise/Conversion
Options to Purchase Common Stock
2017-03-03$16.00/sh−11,389$182,224→ 0 totalExercise: $16.00Exp: 2017-09-24→ Common Stock (11,389 underlying)
Holdings
- 40,000
Restricted Stock Units
→ Common Stock (40,000 underlying) - 21,265
Common Stock
- 31,634(indirect: By IRA)
Common Stock
Footnotes (7)
- [F1]The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 30, 2017.
- [F2]This figure represents the weighted average sale price for all transactions, which are being aggregated and reported on a single line, as the transactions were all effectuated within a one dollar range, ranging from $38.25 to $39.55 per share. The Reporting Person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares purchased or sold at each separate price.
- [F3]This figure represents the weighted average sale price for all transactions, which are being aggregated and reported on a single line, as the transactions were all effectuated within a one dollar range, ranging from $38.00 to $38.35 per share. The Reporting Person will provide to the Commission, the issuer and any stockholder, upon request, full information regarding the number of shares purchased or sold at each separate price.
- [F4]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.
- [F5]As of filing date, the stock option grant is 100% vested and immediately exercisable.
- [F6]Each restricted stock unit represents a contingent right to receive one share of CUNB stock.
- [F7]The restricted stock units will vest in three(3) installments to which 20,000 shares will vest on March 19, 2017 and 10,000 shares will vest on each March 19, 2018 and 2019. Vested shares will be delivered to the Reporting Person on or before March 15 in the calendar year following the vesting except to the extent that CUNB reasonably anticipates that CUNB's corporate income tax deduction for the payment of shares will be limited or eliminated as a result of the application of Internal Revenue Code Section 162(m). CUNB will defer the payment and delivery of such shares to the earliest date where CUNB reasonably anticipates that such deduction will not be limited or eliminated by application of Internal Revenue Code Section 162(m).
Documents
Issuer
CU Bancorp
CIK 0001543643
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001543643
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:11 PM ET
- Size
- 19.2 KB