4//SEC Filing
Cosgrove Kenneth J 4
Accession 0001209191-17-057780
CIK 0001543643other
Filed
Oct 22, 8:00 PM ET
Accepted
Oct 23, 6:09 PM ET
Size
12.5 KB
Accession
0001209191-17-057780
Insider Transaction Report
Form 4
CU BancorpCUNB
Cosgrove Kenneth J
Director
Transactions
- Disposition to Issuer
Common Stock
2017-10-20−22,956→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
2017-10-20−15,098→ 0 total(indirect: By IRA) - Disposition to Issuer
Common Stock
2017-10-20−246,604→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2017-10-20−19,885→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2017-10-20−1,200→ 0 total
Footnotes (2)
- [F1]On 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 162,288 shares of PacWest common stock and $3,668,916 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.
Documents
Issuer
CU Bancorp
CIK 0001543643
Entity typeother
Related Parties
1- filerCIK 0001555243
Filing Metadata
- Form type
- 4
- Filed
- Oct 22, 8:00 PM ET
- Accepted
- Oct 23, 6:09 PM ET
- Size
- 12.5 KB