SEC Form 4 · accession 0001140361-17-012226
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
Feb 28, 2017
Accepted (ET)
Mar 16, 2017 · 11:06 am 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 | 26,053 | $0.00 | A | 798,150 | D | |
| Common StockF4,F2,F3 | Mar 15, 2017 | S | 100,000 | $32.49 | D | 698,150 | D |
Table II — derivative securities
No Table II lines on this filing.
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 162,482 Restricted Stock Units.
- F3Includes 2,046 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
- F4This transaction was executed in multiple trades at prices ranging from $32.08 to $32.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.