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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Cutino Camille
2. Issuer Name and Ticker or Trading Symbol

CAI International, Inc. [ CAI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP, Operations and HR
(Last)          (First)          (Middle)

STEUART TOWER, 1 MARKET PLAZA, SUITE 900
3. Date of Earliest Transaction (MM/DD/YYYY)

10/25/2017
(Street)

SAN FRANCISCO, CA 94105
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   10/25/2017     M    60000.0000   A $5.6000   71640.0000   D    
Common Stock   10/25/2017     M    4000.0000   A $17.7700   75640.0000   D    
Common Stock   10/25/2017     M    3333.0000   A $22.0900   78973.0000   D    
Common Stock   10/25/2017     M    3000.0000   A $26.4100   81973.0000   D    
Common Stock   10/25/2017     M    2333.0000   A $21.8900   84306.0000   D    
Common Stock   10/25/2017     M    2000.0000   A $7.8700   86306.0000   D    
Common Stock   10/25/2017     F    16659.0000   (1) D $37.6300   69647.0000   D    
Common Stock   10/26/2017     S    23386.0000   D $37.1800   (2) 46261.0000   D    
Common Stock   10/27/2017     S    39311.0000   D $36.9100   (3) 6950.0000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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)   $7.8700   10/25/2017     M         2000.0000      (4) 6/2/2026   Common Stock   2000.0000   $0.0000   4000.0000   D    
Stock Option (right to buy)   $5.6000   10/25/2017     M         60000.0000      (5) 6/4/2019   Common Stock   60000.0000   $0.0000   0.0000   D    
Stock Option (right to buy)   $21.8900   10/25/2017     M         2333.0000      (6) 6/4/2025   Common Stock   2333.0000   $0.0000   1667.0000   D    
Stock Option (right to buy)   $17.7700   10/25/2017     M         4000.0000      (7) 6/11/2022   Common Stock   4000.0000   $0.0000   0.0000   D    
Stock Option (right to buy)   $22.0900   10/25/2017     M         3333.0000      (8) 6/11/2024   Common Stock   3333.0000   $0.0000   667.0000   D    
Stock Option (right to buy)   $26.4100   10/25/2017     M         3000.0000      (9) 6/13/2023   Common Stock   3000.0000   $0.0000   0.0000   D    

Explanation of Responses:
(1)  Represents shares withheld by the issuer to cover the exercise price upon the exercise of the options.
(2)  The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $36.91 to $37.63, inclusive. The reporting person undertakes to provide the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
(3)  The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $36.51 to $37.12, inclusive. The reporting person undertakes to provide the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
(4)  2,000 shares of the option were vested on October 3, 2017.
(5)  The option was fully vested on June 5, 2013.
(6)  2,333 shares of the option were vested on October 15, 2017.
(7)  The option was fully vested on June 12, 2016.
(8)  3,333 shares of the option were vested on October 12, 2017.
(9)  The option was fully vested on June 14, 2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cutino Camille
STEUART TOWER
1 MARKET PLAZA, SUITE 900
SAN FRANCISCO, CA 94105


VP, Operations and HR

Signatures
/s/ David Morris, as Attorney-in-Fact 10/27/2017
** 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).
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 control number.
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