SEC Form 4 · accession 0001140361-15-011235
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E. Wahlman
Officer — CFO&Executive Vice President
Period of report
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 6:46 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 6, 2015 | A | 10,314 | $0.00 | A | 44,433 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F2,F3 | $17.65 | holding | — | — | — | Feb 20, 2019 | Feb 20, 2024 | Common Stock | 22,000 | 22,000 | D |
| Stock Options (right to buy)F2,F3 | $15.62 | holding | — | — | — | Aug 5, 2018 | Aug 5, 2023 | Common Stock | 22,000 | 22,000 | D |
Explanation of responses
- F1Grant of restricted stock award, with shares vesting in accordance with the terms of the award.
- F2On 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.
- F3Exercise price adjusted to account for Stock Dividend.