SEC Form 4 · accession 0001140361-17-026863

Customers Bancorp, Inc. · CUBI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman & CEO · Director

Period of report

Jun 29, 2017

Accepted (ET)

Jun 30, 2017 · 4:08 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 Stock^F5,F3,F4	Jun 29, 2017	M	200,000	$8.86	A	898,609	D
Common Stock^F5,F3,F4	Jun 29, 2017	F	126,164	$28.11	D	772,445	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F2,F1	$8.86	Jun 29, 2017	M	200,000	D	Apr 6, 2015	Apr 6, 2020	Common Stock	200,000	293,629	D

F1Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of date of grant, subject to a 50% increase in the trading price of the company's voting common stock on the NYSE (or other national stock market or securities quotation system).
F2Stock Options exercised.
F3Includes 162,482 Restricted Stock Units.
F4Includes 2,505 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F5Represents a "net exercise" of outstanding Stock Options. The reporting person received 73,836 shares of common stock on net exercise of Stock Options to purchase 200,000 shares of common stock. 63,038 shares of common stock underlying the Stock Options were withheld in satisfaction of the exercise price and 63,126 shares of common stock underlying the Stock Options were withheld in satisfaction of tax liability, using the closing price at June 28, 2017 of $28.11.