SEC Form 4 · accession 0001140361-15-011233
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay S Sidhu
Officer — Chairman & CEO · Director
Period of report
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 6:44 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (Common Stock) | Mar 6, 2015 | A | 35,359 | $0.00 | A | 131,604 | D | |
| Common Stock | holding | — | — | — | 354,482 | D | ||
| Restricted Stock Units (Class B Non-Voting Common Stock) | holding | — | — | — | 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)F1 | $15.23 | holding | — | — | — | May 21, 2018 | May 21, 2023 | Common Stock | 679,701 | 679,701 | D |
| Warrants | $9.55 | holding | — | — | — | Jun 30, 2009 | Jun 30, 2016 | Common Stock | 215,156 | 215,156 | D |
| Warrants | $9.55 | holding | — | — | — | Sep 30, 2009 | Sep 30, 2016 | Common Stock | 24,080 | 24,080 | D |
| Warrants | $9.55 | holding | — | — | — | Nov 13, 2009 | Nov 13, 2016 | Common Stock | 66,695 | 66,695 | D |
| Employee Stock Options (right to buy)F1 | $8.86 | holding | — | — | — | Apr 6, 2015 | Apr 6, 2020 | Common Stock | 493,629 | 493,629 | D |
| Employee Stock Options (right to buy)F1 | $8.55 | holding | — | — | — | Jul 14, 2015 | Jul 14, 2020 | Common Stock | 12,834 | 12,834 | D |
| Employee Stock Options (right to buy)F1 | $10.91 | holding | — | — | — | Dec 28, 2015 | Dec 28, 2020 | Common Stock | 81,864 | 81,864 | D |
| Employee Stock Options (right to buy)F1 | $10.91 | holding | — | — | — | Jan 31, 2016 | Jan 31, 2021 | Common Stock | 84,105 | 84,105 | D |
| Employee Stock Options (right to buy)F1 | $10.91 | holding | — | — | — | Feb 28, 2016 | Feb 28, 2021 | Common Stock | 36,869 | 36,869 | D |
| Employee Stock Options (right to buy)F1 | $10.91 | holding | — | — | — | Mar 7, 2016 | Mar 7, 2021 | Common Stock | 29,514 | 29,514 | D |
| Employee Stock Options (right to buy)F2 | $12.00 | holding | — | — | — | Sep 17, 2016 | Sep 17, 2021 | Class B Non-Voting Common Stock | 68,639 | 68,639 | D |
| Employee Stock Options (right to buy)F2 | $12.00 | holding | — | — | — | Sep 30, 2016 | Sep 30, 2021 | Class B Non-Voting Common Stock | 108,334 | 108,334 | D |
| Employee Stock Options (right to buy)F1 | $12.73 | holding | — | — | — | Sep 20, 2017 | Sep 20, 2022 | Common Stock | 782,300 | 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.
- F3Grant of restricted stock award, with shares vesting in accordance with the terms of the award.