SEC Form 4 · accession 0001140361-16-058413
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn Hedde
Officer — Pres Mortgage WarehouseLending
Period of report
Feb 24, 2016
Accepted (ET)
Mar 18, 2016 · 4:02 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 | Feb 24, 2016 | A | 22,280 | $0.00 | A | 176,289 | D | |
| Common StockF4 | Mar 17, 2016 | F | 10,283 | $24.10 | D | 166,006 | D | |
| Common StockF5,F4 | Mar 17, 2016 | S | 19,868 | $23.24 | D | 146,138 | 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 | $8.86 | holding | — | — | — | Apr 6, 2015 | Apr 6, 2020 | Common Stock | 3,667 | 3,667 | D |
| Stock Options | $10.91 | holding | — | — | — | Feb 17, 2016 | Feb 17, 2021 | Common Stock | 9,167 | 9,167 | D |
Explanation of responses
- F1Grant of restricted stock award in connection with 2015 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.
- F2Includes 89,275 shares of common stock previously reported in Table I separately as Restricted Stock Units.
- F3Shares withheld for taxes upon vesting of previously issued restricted stock award.
- F4Includes 59,124 shares of common stock previously reported in Table I separately as Restricted Stock Units.
- F5This transaction was executed in multiple trades at prices ranging from $23.01 to $23.63. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.