Community West Bancshares Form 4 / Martin E Plourd ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Plourd Martin E

(Last)

(First)

(Middle)

445 PINE AVE.

(Street)

GOLETA

93117

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMUNITY WEST BANCSHARES / [ CWBC ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2023

4. If Amendment, Date of 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

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 Stock	12/11/2023		G		1,100⁽¹⁾	D	$0	117,922⁽⁹⁾	D
Common Stock	12/11/2023		G		1,100⁽²⁾	D	$0	116,822⁽⁹⁾	D
Common Stock	12/11/2023		G		100⁽³⁾	D	$0	116,722⁽⁹⁾	D
Common Stock	12/11/2023		G		335⁽⁴⁾	D	$0	116,387⁽⁹⁾	D
Common Stock	12/11/2023		G		100⁽⁵⁾	D	$0	116,287⁽⁹⁾	D
Common Stock	12/11/2023		G		200⁽⁶⁾	D	$0	116,087⁽⁹⁾	D
Common Stock	12/11/2023		G		200⁽⁷⁾	D	$0	115,887⁽⁹⁾	D
Common Stock	12/11/2023		G		400⁽⁸⁾	D	$0	115,487⁽⁹⁾	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$6.7							03/26/2016⁽¹⁰⁾	03/26/2025	Common Stock	1,650		1,650	D
Stock Option (right to buy)	$6.7							03/26/2016⁽¹¹⁾	03/26/2025	Common Stock	20,000		20,000	D
Stock Option (right to buy)	$6.86							03/26/2017⁽¹²⁾	03/26/2026	Common Stock	25,000		25,000	D
Stock Option (right to buy)	$10.3							02/22/2018⁽¹³⁾	02/22/2027	Common Stock	20,000		20,000	D
Stock Option (right to buy)	$10.99							12/20/2018⁽¹⁴⁾	12/20/2027	Common Stock	10,000		10,000	D
Stock Option (right to buy)	$10.56							11/15/2019⁽¹⁵⁾	11/15/2028	Common Stock	20,000		20,000	D
Stock Option (right to buy)	$10.7							02/27/2021⁽¹⁶⁾	02/27/2030	Common Stock	20,000		20,000	D
Stock Option (right to buy)	$6.71							04/29/2021⁽¹⁷⁾	04/29/2030	Common Stock	3,000		3,000	D
Stock Option (right to buy)	$9.89							02/25/2022⁽¹⁸⁾	02/25/2031	Common Stock	25,000		25,000	D
Stock Option (right to buy)	$12.94							11/18/2022⁽¹⁹⁾	11/18/2031	Common Stock	20,000		20,000	D
Restricted Stock Award	$0							11/18/2022⁽²⁰⁾	⁽²³⁾	Common Stock	10,000		8,000	D
Stock Option (right to buy)	$14.72							11/17/2023⁽²²⁾	11/17/2032	Common Stock	10,000		10,000	D
Restricted Stock Award	$0							11/17/2023⁽²¹⁾	⁽²³⁾	Common Stock	6,000		6,000	D

Explanation of Responses:

1. On December 11, 2023, Martin Plourd gifted and transferred 1,100 directly owned shares of CWBC common stock to Annie Plourd/Tappeiner.

2. On December 11, 2023, Martin Plourd gifted and transferred 1,100 directly owned shares of CWBC common stock to Audrie Plourd.

3. On December 11, 2023, Martin Plourd gifted and transferred 100 directly owned shares of CWBC common stock to Mackenzie Nicholas.

4. On December 11, 2023, Martin Plourd gifted and transferred 335 directly owned shares of CWBC common stock to Chris Plourd.

5. On December 11, 2023, Martin Plourd gifted and transferred 100 directly owned shares of CWBC common stock to Leslie McNabb.

6. On December 11, 2023, Martin Plourd gifted and transferred 200 directly owned shares of CWBC common stock to Santa Barbara Cottage Hospital Foundation.

7. On December 11, 2023, Martin Plourd gifted and transferred 200 directly owned shares of CWBC common stock to Scholarship Foundation of Santa Barbara.

8. On December 11, 2023, Martin Plourd gifted and transferred 400 directly owned shares of CWBC common stock to Good Shephard Church.

9. Includes 16,000 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.

10. The option was granted on March 26, 2015, and was originally exercisable for 5,000 shares. The reporting person previously partially exercised the option to acquire 3,350 shares thus, there are 1,650 remaining options shares underlying the option. The remaining portion of the option vests as follows: 650 shares on March 26, 2019 and 1000 shares on March 26, 2020.

11. The option was granted on March 26, 2015 under CWB 2006 Stock Option Plan and vests over five year as follows: 4,000 option shares on March 26 of 2016, 2017, 2018, 2019, and 2020.

12. The option was granted on March 24, 2016 under CWB 2014 Stock Option Plan and vests over five year as follows: 5,000 option shares on March 24 of 2017, 2018, 2019, 2020, and 2021.

13. The option was granted on February 22, 2017 under CWB 2014 Stock Option Plan and vests over five year as follows: 4,000 option shares on February 22 of 2018, 2019, 2020, 2021, and 2022.

14. The option was granted on December 20, 2017 under CWB 2014 Stock Option Plan and vests over five year as follows: 2,000 option shares on December 20 of 2018, 2019, 2020, 2021, and 2022

15. The option was granted on November 15, 2018 under CWB 2014 Stock Option Plan and vests over five year as follows: 4,000 option shares on November 15 of 2019, 2020, 2021, 2022, and 2023.

16. The option was granted on February 27, 2020 under CWB 2014 Stock Option Plan and vests over five year as follows: 4,000 option shares on February 27 of 2021, 2022, 2023, 2024, and 2025.

17. The option was granted on April 29, 2020 under CWB 2014 Stock Option Plan and vests over five year as follows: 600 option shares on April 29 of 2021, 2022, 2023, 2024, and 2025.

18. The option was granted on February 25, 2021 under CWB 2014 Stock Option Plan and vests over five year as follows: 5,000 option shares on February 25 of 2022, 2023, 2024, 2025, and 2026.

19. The option was granted on November 18, 2021 under CWB 2020 Omnibus Plan and vests over five year as follows: 4,000 option shares on November 18 of 2022, 2023, 2024, 2025, and 2026.

20. The restricted stock was granted on November 18, 2021 under CWB 2020 Omnibus Plan and vests over five year as follows: 2,000 option shares on November 18 of 2022, 2023, 2024, 2025, and 2026. 2,000 restricted stock shares vested on 11/18/2022. Remaining balance unvested is 8,000.

21. The restricted stock was granted on November 17, 2022 under CWB 2020 Omnibus Plan and vests over five year as follows: 1,200 option shares on November 17 of 2023, 2024, 2025, 2026, and 2027.

22. The option was granted on November 17, 2022 under CWB 2020 Omnibus Plan and vests over five year as follows: 2,000 option shares on November 17 of 2023, 2024, 2025, 2026, and 2027.

23. Not applicable.

	/s/ Nadia Young for Martin E. Plourd	12/13/2023
	** Signature of Reporting Person	Date
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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Community West Bancshares (CWBC) Form 4COMMUNITY WEST BANCSHARES / Martin E Plourd ownership change