SEC Form 4 · accession 0001140361-16-086544
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
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 5:00 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 10, 2016 | X | 66,696 | $9.55 | A | 568,664 | D | |
| Common StockF1 | Nov 10, 2016 | F | 24,000 | $26.54 | D | 544,664 | 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 | Nov 10, 2016 | X | 66,696 | D | Nov 13, 2009 | Nov 13, 2016 | Common Stock | 66,696 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock warrants. The reporting person received 42,696 shares of common stock on net exercise of warrants to purchase 66,696 shares of common stock. 24,000 shares of common stock underlying the warrants were withheld in satisfaction of the exercise price, using the closing price at November 10, 2016 of $26.54.