SEC Form 4 · accession 0001140361-15-010368
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Ehst
Officer — President and COO
Period of report
Feb 20, 2014
Accepted (ET)
Mar 5, 2015 · 12:19 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3 | Feb 20, 2014 | A | 6,196 | $0.00 | A | 71,486 | 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)F1 | $16.75 | holding | — | — | — | May 21, 2018 | May 21, 2023 | Common Stock | 92,687 | 92,687 | D |
| Employee Stock Options (right to buy)F1 | $9.75 | holding | — | — | — | Apr 6, 2015 | Apr 6, 2020 | Common Stock | 67,313 | 67,313 | D |
| Employee Stock Options (right to buy)F1 | $10.50 | holding | — | — | — | Jul 14, 2015 | Jul 14, 2020 | Common Stock | 1,750 | 1,750 | D |
| Employee Stock Options (right to buy)F1 | $12.00 | holding | — | — | — | Dec 28, 2015 | Dec 28, 2020 | Common Stock | 11,163 | 11,163 | D |
| Employee Stock Options (right to buy)F1 | $12.00 | holding | — | — | — | Jan 31, 2016 | Jan 31, 2021 | Common Stock | 11,469 | 11,469 | D |
| Employee Stock Options (right to buy)F1 | $12.00 | holding | — | — | — | Feb 28, 2016 | Feb 28, 2021 | Common Stock | 5,028 | 5,028 | D |
| Employee Stock Options (right to buy)F1 | $12.00 | holding | — | — | — | Mar 7, 2016 | Mar 7, 2021 | Common Stock | 4,025 | 4,025 | D |
| Employee Stock Options (right to buy)F1 | $13.20 | holding | — | — | — | Sep 17, 2016 | Sep 17, 2021 | Common Stock | 9,360 | 9,360 | D |
| Employee Stock Options (right to buy)F1 | $13.20 | holding | — | — | — | Sep 30, 2016 | Sep 30, 2021 | Common Stock | 14,773 | 14,773 | D |
| Employee Stock Options (right to buy)F1 | $14.00 | holding | — | — | — | Sep 20, 2017 | Sep 20, 2022 | Common Stock | 106,677 | 106,677 | 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).
- F2Grant of restricted stock award in connection with 2014 performance bonus, with shares vesting in accordance with the terms of the award. A portion of this grant was provided in lieu of a cash bonus payment.
- F3Includes 63,624 shares of common stock previously reported in Table I separately as Restricted Stock Units.