SEC Form 4 · accession 0001140361-16-049511

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

Aug 26, 2015

Accepted (ET)

Feb 1, 2016 · 4:01 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
Restricted Stock Units (Common Stock)	Jan 27, 2016	F	428	$25.70	D	130,295	D
Common Stock	holding	—	—		—	355,363	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)^F4	$23.36	holding	—	—	—	Aug 26, 2020	Aug 26, 2025	Common Stock	310,000	310,000	D
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.
F3Shares withheld for taxes upon vesting of previously issued restricted stock award.
F4Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of the date of grant, subject to either (i) total shareholder returns over the vesting period of at least 50%, or (ii) compound annual growth in diluted EPS for the company of at least 10% over the vesting period.