Sec Form 4 Filing - Rainer David I @ CU Bancorp - 2014-02-20

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Rainer David I
2. Issuer Name and Ticker or Trading Symbol
CU Bancorp [ CUNB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman, President, CEO
(Last) (First) (Middle)
C/O CU BANCORP 15821, VENTURA BLVD., SUITE 100
3. Date of Earliest Transaction (MM/DD/YY)
02/20/2014
(Street)
ENCINO, CA91436
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2014 M( 1 ) 199 A $ 10 87,502 ( 2 ) D
Common Stock 02/20/2014 S( 1 ) 199 D $ 18 87,303 ( 2 ) D
Common Stock 111,444 I Trustee of the David and Anne Rainer Trust
Common Stock 31,500 I IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirec t (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options to Purchase Common Stock $ 10 02/20/2014 M( 1 ) 199 ( 3 ) 05/16/2015 Common Stock 75,172 $ 0 74,973 D
Options to Purchase Common Stock $ 22 ( 3 ) 04/25/2016 Common Stock 10,000 10,000 D
Options to Purchase Common Stock $ 17.5 ( 3 ) 02/26/2017 Common Stock 60,000 60,000 D
Options to Purchase Common Stock $ 16 ( 3 ) 09/24/2017 Common Stock 23,333 23,333 D
Options to purchase common stock $ 12.2 ( 4 ) 04/27/2017 Common Stock 10,000 10,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rainer David I
C/O CU BANCORP 15821, VENTURA BLVD.
SUITE 100
ENCINO, CA91436
X Chairman, President, CEO
Signatures
David Rainer by Anita Y. Wolman, Attorney-in-fact 02/20/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The transactions reported in this filing were effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2013.
( 2 )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.
( 3 )As of filing date, the stock option grant is 100% vested and immediately exercisable.
( 4 )Stock options were granted to the Reporting Person on April 27, 2010. The options vested in five equal annual installments on each of April 27, 2011, 2012, 2013, 2014 and 2015.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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