SEC Form 4 · accession 0001140361-17-036199
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Ehst
Officer — President & COO
Period of report
Sep 20, 2017
Accepted (ET)
Sep 22, 2017 · 2:49 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 StockF3,F2 | Sep 20, 2017 | M | 7,856 | $12.78 | A | 141,817 | D | |
| Common StockF3,F2 | Sep 20, 2017 | F | 4,628 | $30.04 | D | 137,189 | D | |
| Common StockF4,F2 | Sep 20, 2017 | M | 109,489 | $12.78 | A | 246,678 | D | |
| Common StockF4,F2 | Sep 20, 2017 | F | 77,117 | $30.04 | D | 169,561 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $12.78 | Sep 20, 2017 | M | 7,856 | D | Sep 20, 2017 | Sep 20, 2022 | Common Stock | 7,856 | 109,489 | D |
| Employee Stock Option (right to buy)F1 | $12.78 | Sep 20, 2017 | M | 109,489 | D | Sep 20, 2017 | Sep 20, 2022 | Common Stock | 109,489 | 0 | D |
Explanation of responses
- F1Stock Options exercised.
- F2Includes 41,978 Restricted Stock Units.
- F3Represents a "net exercise" of outstanding Stock Options. The reporting person received 3,228 shares of common stock on net exercise of Stock Options to purchase 7,856 shares of common stock. 3,329 shares of common stock underlying the Stock Options were withheld in satisfaction of the exercise price and 1,299 shares of common stock underlying the Stock Options were withheld in satisfaction of tax liability, using the closing price at September 20, 2017 of $30.04.
- F4Represents a "net exercise" of outstanding Stock Options. The reporting person received 32,372 shares of common stock on net exercise of Stock Options to purchase 109,489 shares of common stock. 46,398 shares of common stock underlying the Stock Options were withheld in satisfaction of the exercise price and 30,719 shares of common stock underlying the Stock Options were withheld in satisfaction of tax liability, using the closing price at September 20, 2017 of $30.04.