Edgar Filing: People's Utah Bancorp

Ownership Submission

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 OF SECURITIES

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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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Anderson David Glenn

2. Issuer Name and Ticker or Trading Symbol
People's Utah Bancorp [PUB]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Sr. VP - Chief Credit Officer

(Last)

(First)

(Middle)

C/O PEOPLE'S UTAH BANKCORP, 1 EAST MAIN STREET

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2016

(Street)

AMERICAN FORK, UT 84003

4. If Amendment, Date Original Filed(Month/Day/Year)

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 (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	06/10/2016		J⁽¹⁾		576,984	D	$ 0	0	I	By Glenmaur Investments, Ltd.
Common Shares	06/10/2016		J⁽¹⁾		256,518	A	$ 0	259,212	D
Common Shares	06/10/2016		J⁽¹⁾		7,487	A	$ 0	7,487	I	By his spouse Marie Anderson
Common Shares	06/10/2016		J⁽¹⁾		5,769	A	$ 0	5,769	I	By Glenmaur Management LLC
Common Shares	06/10/2016		J⁽²⁾		5,769	D	$ 0	0	I	By Glenmaur Management LLC
Common Shares	06/10/2016		J⁽²⁾		5,769	A	$ 0	264,981	D
Common Shares	06/13/2016		J⁽³⁾		134,887	D	$ 0	130,094	D
Common Shares	06/13/2016		J⁽³⁾		134,887	A	$ 0	134,887	I	By The David G. Anderson Trust
Common Shares	06/13/2016		J⁽³⁾		134,887	D	$ 0	0	I	By The David G. Anderson Trust
Common Shares	06/13/2016		J⁽³⁾		134,887	A	$ 0	474,250	I	By Davemar Holding, LLC
Common Shares	06/13/2016		G⁽³⁾		127,400	D	$ 0	2,694	D
Common Shares	06/13/2016		G⁽³⁾		127,400	A	$ 0	134,887	I	By his spouse Marie Anderson
Common Shares	06/13/2016		J⁽³⁾		134,887	D	$ 0	0	I	By his spouse Marie Anderson
Common Shares	06/13/2016		J⁽³⁾		134,887	A	$ 0	134,887	I	By The Marie P. Anderson Trust
Common Shares	06/13/2016		J⁽³⁾		134,887	D	$ 0	0	I	By The Marie P. Anderson Trust
Common Shares	06/13/2016		J⁽³⁾		134,887	A	$ 0	609,137	I	By Davemar Holding, LLC

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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
(Month/Day/Year)

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 Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Anderson David Glenn C/O PEOPLE'S UTAH BANKCORP 1 EAST MAIN STREET AMERICAN FORK, UT 84003	X		Sr. VP - Chief Credit Officer

Signatures

/s/ David G. Anderson		06/14/2016
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	On June 10, 2016, Glenmaur Investments, Ltd. ("Glenmaur") distributed 576,984 common shares to its limited partners, including (i) 256,518 common shares to Mr. Anderson, which represents Mr. Anderson's pecuniary interest in the common shares held by Glenmaur, (ii) 7,487 common shares to Mr. Anderson's spouse Marie Anderson, and (iii) 5,769 common shares to Glenmaur Management LLC, an entity of which Mr. Anderson is the sole member.
(2)	On June 10, 2016, Glenmaur Management LLC distributed 5,769 common shares to Mr. Anderson, which represented Mr. Anderson's pecuniary interest in the common shares held by Glenmaur Management LLC.
(3)	On June 13, 2016, (i) Mr. Anderson transferred 134,887 common shares to The David G. Anderson Trust, in which Mr. Anderson is a trustee, (ii) The David G. Anderson Trust transferred 134,887 common shares to Davemar Holding, LLC ("Davemar"), in which Mr. Anderson is the managing member, (iii) Mr. Anderson gifted 127,400 common shares to his spouse Marie Anderson, (iv) Marie Anderson transferred 134,887 common shares to The Marie P. Anderson Trust, in which Mr. Anderson is a trustee, and (v) The Marie P. Anderson Trust transferred 134,887 common shares to Davemar.

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