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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(Print or Type Responses)
1. Name and Address of Reporting Person *
PEEPLES WILLIAM R
   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 __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
445 PINE AVE.		 3. Date of Earliest Transaction (Month/Day/Year)
12/26/2012
(Street)

GOLETA, CA 93117		 4. If Amendment, Date Original Filed(Month/Day/Year)
12/28/2012		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 Stock               1,074,471 I By Family Trust (1)

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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
Stock option (right to buy) $ 3.25             12/13/2012 12/13/2022 Common Stock 5,000   0 D  
Stock option (right to buy) $ 10.75             12/20/2007 12/20/2017 Common Stock 5,000   5,000 D  
Stock option (right to buy) $ 3.45             11/20/2008 11/20/2018 Common Stock 5,000   5,000 D  
Convertible Debentures (right to buy) $ 3.5 (2)             08/09/2010 08/09/2020(2) Common Stock 263,429   263,429 I By Family Trust (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PEEPLES WILLIAM R
445 PINE AVE.
GOLETA, CA 93117		   X   X    
Peeples Ardyce M.
445 PINE AVE
GOLETA, CA 93117		     X    

Signatures

 /s/ William R. Peeples, individually and as attorney-in-fact for Ardyce M. Peeples   02/28/2013
**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) The shares are held by the family trust of William and Ardyce Peeples, husband and wife, and beneficial ownership is shared between them.
(2) The convertible debentures are held by the family trust of William and Ardyce Peeples, husband and wife, and beneficial ownership is shared between them. The convertible debentures are convertible into 263,429 shares of Common Stock at $3.50 per share if converted on or prior to July 1, 2013, $4.50 per share between July 2, 2013 and July 1, 2016, and $6.00 per share from July 2, 2016 until maturity or redemption. The convertible debentures mature on August 9, 2020.
 
Remarks:
Power of Attorney filed as Exhibit 24 to Ardyce M. Peeples' Form 3 filed February 28, 2013.

The Form 4 filed by William R. Peeples on the date indicated herein is hereby amended to add Mr. Peeples' wife, Ardyce M. Peeples, as an additional reporting person.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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