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CU Bancorp's President just cashed-in 12,260 options

K Brian Horton, CU Bancorp's President and a director of the company, recently cashed-in 12,260 options. The options were exercised at $7.59, while the disposals took place between $22.49 and $22.50 per share, on dates ranging from October 07 to October 08, 2015. Horton continues to hold 138,191 shares of the company. Horton operates out of Encino, CA. Some additional info was provided as follows:

Include 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. The transactions reported on this Form 4 were effected...