SEC Form 4 · accession 0001140361-16-071365
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
Jun 29, 2016
Accepted (ET)
Jul 1, 2016 · 12:16 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 StockF1 | Jun 29, 2016 | X | 215,156 | $9.55 | A | 570,519 | D | |
| Common StockF1 | Jun 29, 2016 | F | 83,492 | $24.61 | D | 487,027 | D | |
| Restricted Stock Units (Common Stock) | holding | — | — | — | 168,899 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants | $9.55 | Jun 29, 2016 | X | 215,156 | A | Jun 30, 2009 | Jun 30, 2016 | Common Stock | 215,156 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock warrants. The reporting person received 131,664 shares of common stock on net exercise of warrants to purchase 215,156 shares of common stock. 83,492 shares of common stock underlying the warrants were withheld in satisfaction of the exercise price, using the closing price at June 29, 2016 of $24.61.