SEC Form 4 · accession 0001140361-17-045480
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rick Burkey
Director
Period of report
Dec 8, 2017
Accepted (ET)
Dec 8, 2017 · 4:35 pm EST
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 | Dec 8, 2017 | X | 5,000 | $21.38 | A | 40,919 | D | |
| Common StockF1 | Dec 8, 2017 | X | 1,413 | $21.38 | A | 42,332 | D | |
| Common StockF1 | Dec 8, 2017 | S | 1,129 | $26.74 | D | 41,203 | D | |
| Common Stock | holding | — | — | — | 2,811 | I | By Spouse | |
| Common Stock | holding | — | — | — | 977 | I | By BB Investment Group |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants | $21.38 | Dec 8, 2017 | X | 5,000 | D | Jun 30, 2012 | Dec 31, 2017 | Common Stock | 5,000 | 1,413 | D |
| Warrants | $21.38 | Dec 8, 2017 | X | 1,413 | D | Jun 30, 2012 | Dec 31, 2017 | Common Stock | 1,413 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding warrants. The reporting person received 284 shares of common stock on net exercise of warrants to purchase 1,413 shares of common stock at $21.38 per share. 1,129 shares of common stock underlying the warrants were withheld in satisfaction of the exercise price, using the closing price at December 7, 2017 of $26.74.