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CU Bancorp's Chairman & CEO just declared owning 241,706 shares of CU Bancorp

David I Rainer, CU Bancorp's Chairman & CEO and a director of the company, has just filed an initial statement of beneficial ownership where 241,706 shares of CU Bancorp were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Rainer. Rainer operates out of Encino, CA. Some additional info was provided as follows:

The Reporting person is submitting this amendment to Form 4 to correct the distribution of the Reporting Person's ownership of common stock between his direct account and his indirect account held as trustee of the David and Anne Rainer Trust. It was discovered that the Reporting Person's shares which vested on 4/27/2015 and 8/14/2015 were being reported as direct...