SEC Form 4 · accession 0001140361-16-058633
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carla A Leibold
Officer — Chief Accounting Officer
Period of report
Feb 24, 2016
Accepted (ET)
Mar 21, 2016 · 7:35 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 Stock | Feb 24, 2016 | A | 872 | $0.00 | A | 1,630 | 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 | $22.36 | holding | — | — | — | Aug 26, 2020 | Aug 26, 2025 | Common Stock | 5,000 | 5,000 | 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.
- 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 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.