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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(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) SVP - Chief Credit Officer (Last) (First) (Middle) C/O PEOPLE?S UTAH BANCORP, 1 EAST MAIN STREET 3. Date of Earliest Transaction (Month/Day/Year) 01/01/2016 (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) Code V Amount (A) or (D) Price Common Shares 01/04/2016   M   13,200 A $ 4.85 17,241 D   Common Shares 01/04/2016   J(1)   14,547 D $ 0 2,694 D   Common Shares 01/04/2016   J(1)   14,547 A $ 0 339,363 I By Davemar Holding, LLC Common Shares 01/01/2016   J(2)   285,064 D $ 0 576,984 I By Glenmaur Investments, Ltd.

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

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Share Option (right to buy)

$ 4.85

01/04/2016

M

13,200

01/01/2011

01/01/2020

Common Shares

13,200

$ 0

26,400

D

Reporting Owners

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

Signatures

/s/ Richard T. Beard Attorney in fact		01/05/2016
**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)	Shares transferred to investment entity. Because Mr. Anderson has a pecuniary interest in all of the shares held by Davemar Holding, LLC, Mr. Anderson's pecuniary interest in the common shares transferred to Davemar Holding, LLC remains unchanged.
(2)	A limited partner of Glenmaur Investments, Ltd. received a distribution of 285,064 common shares of PUB in conjunction with the limited partner's exit from the entity. Mr. Anderson's pecuniary interest in Glenmaur Investments, Ltd. remains unchanged after the distribution. However, because Mr. Anderson previously reported the beneficial ownership of all of the common shares held by Glenmaur Investments, Ltd., this decrease in PUB common shares held by Glenmaur Investments, Ltd. is being reflected on this Form 4.

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