First US Bancshares Form 3 / Eric H Mabowitz ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Mabowitz Eric H

(Last)

(First)

(Middle)

3291 US HIGHWAY 280

(Street)

BIRMINGHAM

35243

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/26/2020

3. Issuer Name and Ticker or Trading Symbol
FIRST US BANCSHARES INC [ FUSB ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP,Chief Risk Officer-Bank

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, Par Value $.01	11,646⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. Shares held in the First US Bancshares, Inc. 401(k) Plan.

Remarks:

Although the reporting person was previously deemed to be an "officer" of the Issuer for purposes of Section 16 based on various positions held with the Issuer's subsidiary bank, First US Bank (the "Bank"), the Issuer's board of directors determined, at a meeting held on February 24, 2016, that the reporting person should no longer be designated a Section 16 "officer." However, in connection with his performance of certain significant policy-making functions for the Issuer through his current position with the Bank (Executive Vice President, Chief Risk Officer), the Issuer's board of directors determined, at a meeting held on February 26, 2020, that the reporting person should once again be designated a Section 16 "officer" of the Issuer. As a result, the reporting person is filing this Initial Statement of Beneficial Ownership of Securities on Form 3.

	/s/ Eric H. Mabowitz	02/28/2020
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

First US Bancshares (FUSB) Form 3FIRST US BANCSHARES / Eric H Mabowitz ownership change