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Filing Details

Accession Number:: 0001209191-15-077170
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-10-28 17:39:47
Reporting Period:: 2015-10-27

Filing Date:: 2015-10-28
Accepted Time:: 2015-10-28 17:39:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1543643	Cu Bancorp	CUNB	National Commercial Banks (6021)	900779788

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1555186	I David Rainer	C/O Cu Bancorp 15821, Ventura Blvd. Suite 100 Encino CA 91436	Chairman & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-10-27	10,000	$22.00	193,276	No	4	M	Indirect	Trustee of the David and Anne Rainer Trust
Common Stock	Disposition	2015-10-27	10,000	$24.39	183,276	No	4	S	Indirect	Trustee of the David and Anne Rainer Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	Trustee of the David and Anne Rainer Trust
No	4	S	Indirect	Trustee of the David and Anne Rainer Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Options to Purchase Common Stock	Disposition	2015-10-27	10,000	$22.00	10,000	$22.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2015-10-27	2016-04-25	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	23,100	Direct
Common Stock	31,634	Indirect	IRA

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00		40,000	40,000	Direct
Common Stock	Options to Purchase Common Stock	$16.00	2017-09-24	23,333	23,333	Direct
Common Stock	Options to Purchase Common Stock	$17.50	2017-02-26	60,000	60,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	40,000	40,000	Direct
2017-09-24	23,333	23,333	Direct
2017-02-26	60,000	60,000	Direct

Footnotes

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 4, 2015.
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 $24.22 to $24.65 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.
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.
As of filing date, the stock option grant is 100% vested and immediately exercisable.
Each restricted stock unit represents a contingent right to receive one share of CUNB stock.
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).