4//SEC Filing
Schoenbaum Karen A 4
Accession 0001209191-17-057789
CIK 0001543643other
Filed
Oct 22, 8:00 PM ET
Accepted
Oct 23, 6:22 PM ET
Size
5.9 KB
Accession
0001209191-17-057789
Insider Transaction Report
Form 4
CU BancorpCUNB
Transactions
- Disposition to Issuer
Common Stock
2017-10-20−48,338→ 0 total
Footnotes (2)
- [F1]On October 20, 2017, pursuant to the Agreement and Plan of Merger ("Merger Agreement"), 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. The reporting person has perfected dissenters' rights under California law with respect to 42,531 CUB common shares reported in Table I, which includes CUB restricted shares all of which accelerated in full upon consummation of the Merger. [Continued in FN2]
- [F2][Continued from FN1] With respect to the remaining 5,807 CUB common shares reported in Table I, the reporting person has the right to receive, in exchange for these shares, an aggregate of 3,082 shares of PacWest common stock and $69,684 in cash, with cash payable in lieu of a fractional share of PacWest common stock, subject to any required tax withholding under applicable law.
Documents
Issuer
CU Bancorp
CIK 0001543643
Entity typeother
Related Parties
1- filerCIK 0001555215
Filing Metadata
- Form type
- 4
- Filed
- Oct 22, 8:00 PM ET
- Accepted
- Oct 23, 6:22 PM ET
- Size
- 5.9 KB