SEC Form 4 · accession 0001140361-16-082950
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
Sep 30, 2016
Accepted (ET)
Oct 18, 2016 · 1:26 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 | Sep 30, 2016 | X | 24,081 | $9.55 | A | 511,108 | D | |
| Common StockF1 | Sep 30, 2016 | F | 9,140 | $25.16 | D | 501,968 | 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 | Sep 30, 2016 | X | 24,081 | D | Sep 30, 2009 | Sep 30, 2016 | Common Stock | 24,081 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock warrants. The reporting person received 14,941 shares of common stock on net exercise of warrants to purchase 24,081 shares of common stock. 9,140 shares of common stock underlying the warrants were withheld in satisfaction of the exercise price, using the closing price at September 30, 2016 of $25.16.