SEC Form 5 · accession 0001140361-15-007654

Customers Bancorp, Inc. · CUBI

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

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Jay S Sidhu

Officer — Chairman & CEO · Director

Period of report

Dec 31, 2014

Accepted (ET)

Feb 17, 2015 · 8:56 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	May 27, 2014	J	30,012	$0.00	A	330,142	D
Restricted Stock Units (Common Stock)^F3	May 27, 2014	J	37,714	$0.00	A	96,245	D
Restricted Stock Units (Class B Non-Voting Common Stock)^F3	May 27, 2014	J	21,164	$0.00	A	232,804	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (right to buy)^F3,F1,F4	$15.23	May 27, 2014	J	61,791	A	May 21, 2018	May 21, 2023	Common Stock	61,791	679,701	D
Warrants^F3,F4	$9.55	May 27, 2014	J	19,560	A	Jun 30, 2009	Jun 30, 2016	Common Stock	19,560	215,156	D
Warrants^F3,F4	$9.55	May 27, 2014	J	2,189	A	Sep 30, 2009	Sep 30, 2016	Common Stock	2,189	24,080	D
Warrants^F3,F4	$9.55	May 27, 2014	J	6,063	A	Nov 13, 2009	Nov 13, 2016	Common Stock	6,063	66,695	D
Employee Stock Options (right to buy)^F3,F1,F4	$8.86	May 27, 2014	J	44,875	A	Apr 6, 2015	Apr 6, 2020	Common Stock	44,875	493,629	D
Employee Stock Options (right to buy)^F3,F1,F4	$8.55	May 27, 2014	J	1,167	A	Jul 14, 2015	Jul 14, 2020	Common Stock	1,167	12,834	D
Employee Stock Options (right to buy)^F3,F1,F4	$10.91	May 27, 2014	J	7,442	A	Dec 28, 2015	Dec 28, 2020	Common Stock	7,442	81,864	D
Employee Stock Options (right to buy)^F3,F1,F4	$10.91	May 27, 2014	J	7,646	A	Jan 31, 2016	Jan 31, 2021	Common Stock	7,646	84,105	D
Employee Stock Options (right to buy)^F3,F1,F4	$10.91	May 27, 2014	J	3,352	A	Feb 28, 2016	Feb 28, 2021	Common Stock	3,352	36,869	D
Employee Stock Options (right to buy)^F3,F1,F4	$10.91	May 27, 2014	J	2,683	A	Mar 7, 2016	Mar 7, 2021	Common Stock	2,683	29,514	D
Employee Stock Options (right to buy)^F3,F2,F4	$12.00	May 27, 2014	J	6,240	A	Sep 17, 2016	Sep 17, 2021	Class B Non-Voting Common Stock	6,240	68,639	D
Employee Stock Options (right to buy)^F3,F2,F4	$12.00	May 27, 2014	J	9,849	A	Sep 30, 2016	Sep 30, 2021	Class B Non-Voting Common Stock	9,849	108,334	D
Employee Stock Options (right to buy)^F3,F1,F4	$12.73	May 27, 2014	J	71,118	A	Sep 20, 2017	Sep 20, 2022	Common Stock	71,118	782,300	D

Explanation of responses

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.
F3On May 15, 2014, Customers Bancorp, Inc. declared a 10% stock dividend payable to all holders of record of common stock on May 27, 2014 (the "Stock Dividend"). As a result, the reporting person received additional shares of common stock as of June 30, 2014.
F4Exercise price adjusted to account for the Stock Dividend.