0001209191-17-057791.txt : 20171023
0001209191-17-057791.hdr.sgml : 20171023
20171023182642
ACCESSION NUMBER: 0001209191-17-057791
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171020
FILED AS OF DATE: 20171023
DATE AS OF CHANGE: 20171023
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sjogren Robert E
CENTRAL INDEX KEY: 0001586679
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35683
FILM NUMBER: 171149739
BUSINESS ADDRESS:
BUSINESS PHONE: 2134307074
MAIL ADDRESS:
STREET 1: 818 W. 7TH ST.
STREET 2: SUITE 220
CITY: LOS ANGELES
STATE: CA
ZIP: 90017
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CU Bancorp
CENTRAL INDEX KEY: 0001543643
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 900779788
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 15821 VENTURA BOULEVARD, SUITE 100
CITY: ENCINO
STATE: CA
ZIP: 91436
BUSINESS PHONE: (818) 257-7779
MAIL ADDRESS:
STREET 1: 15821 VENTURA BOULEVARD, SUITE 100
CITY: ENCINO
STATE: CA
ZIP: 91436
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-10-20
1
0001543643
CU Bancorp
CUNB
0001586679
Sjogren Robert E
C/O CU BANCORP 818 W. 7TH ST.
SUITE 220
LOS ANGELES
CA
90017
0
1
0
0
EVP, Chief Risk Officer
Common Stock
2017-10-20
4
D
0
6712
D
0
D
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. 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 3,562 shares of PacWest common stock and $80,544 in cash, with cash payable in lieu of a fractional share of PacWest common stock, subject to any required tax withholding under applicable law. [Contd. in FN2]
[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.
Amount of securities disposed of, pursuant to the Merger Agreement, includes CUB restricted shares. At the effective time of the Merger, any vesting conditions applicable to outstanding restricted share awards under CUB's equity incentive plans automatically accelerated in full and such restricted shares converted into, and will be exchanged for, the merger consideration as described in note (1) above, less any applicable taxes required to be withheld with respect to such vesting.
Robert E. Sjogren, By:
Anita Y. Wolman, Attorney-in-Fact
2017-10-23