SEC Form 4 · accession 0001140361-17-047847
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
Dec 20, 2017
Accepted (ET)
Dec 29, 2017 · 6:55 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 StockF2 | Dec 28, 2017 | F | 3,348 | $26.37 | D | 169,024 | 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)F3 | $26.65 | Dec 20, 2017 | A | 100,000 | A | Dec 20, 2022 | Dec 20, 2027 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Shares withheld for taxes upon vesting of previously issued restricted stock award.
- F2Includes 46,913 Restricted Stock Units.
- F3Under 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, provided the trading price of the company's voting common stock is above $40 for ten days prior to exercise. These Stock Options will also vest upon a change of control of the company.