SEC Form 4 · accession 0001140361-17-012851
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Ehst
Officer — President and COO
Period of report
Mar 21, 2017
Accepted (ET)
Mar 21, 2017 · 4:52 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 StockF4,F2,F3 | Mar 21, 2017 | S | 2,970 | $31.20 | D | 118,793 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares sold for applicable tax withholding obligations.
- F2On May 15, 2014, Customers Bancorp, Inc. declared a 10% stock dividend payable to all holders of record of common stock on May 27, 2014 (the "Stock Dividend"). As a result, the reporting person received additional shares of common stock as of June 30, 2014.
- F3Includes 26,810 Restricted Stock Units
- F4This transaction was executed in multiple trades at prices ranging from $31.05 to $31.37. 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.