SEC Form 4 · accession 0001140361-15-003929

Customers Bancorp, Inc. · CUBI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman & CEO · Director

Period of report

Feb 2, 2015

Accepted (ET)

Feb 3, 2015 · 9:40 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001488813

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F3	Feb 2, 2015	P	24,340	$20.5201	A	324,470	D
Restricted Stock Units (Common Stock)	holding	—	—		—	58,531	D
Restricted Stock Units (Class B Non-Voting Common Stock)	holding	—	—		—	211,640	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (right to buy)^F1	$16.75	holding	—	—	—	May 21, 2018	May 21, 2023	Common Stock	617,910	617,910	D
Warrants	$10.50	holding	—	—	—	Jun 30, 2009	Jun 30, 2016	Common Stock	195,596	195,596	D
Warrants	$10.50	holding	—	—	—	Sep 30, 2009	Sep 30, 2016	Common Stock	21,891	21,891	D
Warrants	$10.50	holding	—	—	—	Nov 13, 2009	Nov 13, 2016	Common Stock	60,632	60,632	D
Employee Stock Options (right to buy)^F1	$9.75	holding	—	—	—	Apr 6, 2015	Apr 6, 2020	Common Stock	448,754	448,754	D
Employee Stock Options (right to buy)^F1	$10.50	holding	—	—	—	Jul 14, 2015	Jul 14, 2020	Common Stock	11,667	11,667	D
Employee Stock Options (right to buy)^F1	$12.00	holding	—	—	—	Dec 28, 2015	Dec 28, 2020	Common Stock	74,422	74,422	D
Employee Stock Options (right to buy)^F1	$12.00	holding	—	—	—	Jan 31, 2016	Jan 31, 2021	Common Stock	76,459	76,459	D
Employee Stock Options (right to buy)^F1	$12.00	holding	—	—	—	Feb 28, 2016	Feb 28, 2021	Common Stock	33,517	33,517	D
Employee Stock Options (right to buy)^F1	$12.00	holding	—	—	—	Mar 7, 2016	Mar 7, 2021	Common Stock	26,831	26,831	D
Employee Stock Options (right to buy)^F2	$13.20	holding	—	—	—	Sep 17, 2016	Sep 17, 2021	Class B Non-Voting Common Stock	62,399	62,399	D
Employee Stock Options (right to buy)^F2	$13.20	holding	—	—	—	Sep 30, 2016	Sep 30, 2021	Class B Non-Voting Common Stock	98,485	98,485	D
Employee Stock Options (right to buy)^F1	$14.00	holding	—	—	—	Sep 20, 2017	Sep 20, 2022	Common Stock	711,182	711,182	D

F1Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of date of grant, subject to a 50% increase in the trading price of the company's voting common stock on the NASDAQ Global Select Market (or other national stock market or securities quotation system).
F2Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of date of grant, subject to a 50% increase in the Fully Diluted Tangible Book Value (as defined and determined in accordance with the 2010 Stock Option Plan) of the company.
F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.48 to $20.53, inclusive. The reporting person undertakes to provide to Customers Bancorp, Inc., any security holder of Customers Bancorp, Inc., 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 ranges set forth in footnote (3) of this Form 4.