SEC Form 4 · accession 0001140361-17-012008
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 28, 2017
Accepted (ET)
Mar 15, 2017 · 12:14 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,F3 | Feb 28, 2017 | A | 729 | $0.00 | A | 2,636 | 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)F4 | $23.36 | 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 2016 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 1,595 Restricted Stock Units.
- F3Includes 505 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
- F4Under 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.