SEC Form 4 · accession 0001140361-17-047853
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay S Sidhu
Officer — Chairman & CEO · Director
Period of report
Dec 20, 2017
Accepted (ET)
Dec 29, 2017 · 6:59 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,F4 | Dec 27, 2017 | M | 293,629 | $8.86 | A | 1,142,148 | D | |
| Common StockF2,F4 | Dec 27, 2017 | M | 12,834 | $8.55 | A | 1,154,982 | D | |
| Common StockF2,F4 | Dec 27, 2017 | M | 81,864 | $10.91 | A | 1,236,846 | D | |
| Common StockF2,F4 | Dec 27, 2017 | M | 84,105 | $10.91 | A | 1,320,951 | D | |
| Common StockF2,F4 | Dec 27, 2017 | M | 36,869 | $10.91 | A | 1,357,820 | D | |
| Common StockF2,F4 | Dec 27, 2017 | M | 29,514 | $10.91 | A | 1,387,334 | D | |
| Common StockF2,F4 | Dec 27, 2017 | M | 782,300 | $12.73 | A | 2,169,634 | D | |
| Common StockF2,F4 | Dec 27, 2017 | M | 68,639 | $12.00 | A | 2,238,273 | D | |
| Common StockF2,F4 | Dec 27, 2017 | M | 108,334 | $12.00 | A | 2,346,607 | D | |
| Common StockF2,F4 | Dec 27, 2017 | F | 1,006,775 | $26.34 | D | 1,339,832 | D | |
| Common StockF3,F4 | Dec 28, 2017 | F | 17,604 | $26.37 | D | 1,322,228 | 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)F5 | $26.65 | Dec 20, 2017 | A | 500,000 | A | Dec 20, 2022 | Dec 20, 2027 | Common Stock | 500,000 | 500,000 | D |
| Employee Stock Option (right to buy) | $8.86 | Dec 27, 2017 | M | 293,629 | D | Apr 6, 2015 | Apr 6, 2020 | Common Stock | 293,629 | 0 | D |
| Employee Stock Option (right to buy) | $8.55 | Dec 27, 2017 | M | 12,834 | D | Jul 14, 2015 | Jul 14, 2020 | Common Stock | 12,834 | 0 | D |
| Employee Stock Option (right to buy) | $10.91 | Dec 27, 2017 | M | 81,864 | D | Dec 28, 2015 | Dec 28, 2020 | Common Stock | 81,864 | 0 | D |
| Employee Stock Option (right to buy) | $10.91 | Dec 27, 2017 | M | 84,105 | D | Jan 31, 2016 | Jan 31, 2021 | Common Stock | 84,105 | 0 | D |
| Employee Stock Option (right to buy) | $10.91 | Dec 27, 2017 | M | 36,869 | D | Feb 28, 2016 | Feb 28, 2021 | Common Stock | 36,869 | 0 | D |
| Employee Stock Option (right to buy) | $10.91 | Dec 27, 2017 | M | 29,514 | D | Mar 7, 2016 | Mar 7, 2021 | Common Stock | 29,514 | 0 | D |
| Employee Stock Option (right to buy) | $12.73 | Dec 27, 2017 | M | 782,300 | D | Sep 20, 2017 | Sep 20, 2022 | Common Stock | 782,300 | 0 | D |
| Employee Stock Option (right to buy) | $12.00 | Dec 27, 2017 | M | 68,639 | D | Sep 17, 2016 | Sep 17, 2021 | Common Stock | 68,639 | 0 | D |
| Employee Stock Option (right to buy) | $12.00 | Dec 27, 2017 | M | 108,334 | D | Sep 30, 2016 | Sep 30, 2021 | Common Stock | 108,334 | 0 | D |
Explanation of responses
- F1Shares withheld for taxes upon vesting of previously issued restricted stock award.
- F2Includes 238,227 Restricted Stock Units.
- F3Includes 200,033 Restricted Stock Units.
- F4Includes 2,834 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
- F5Under 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.