SEC Form 4 · accession 0001140361-18-021472
Customers Bancorp, Inc. · CUBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Issa
Officer — Executive VP and CLO
Period of report
May 2, 2018
Accepted (ET)
May 3, 2018 · 1:48 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 StockF2,F3 | May 2, 2018 | M | 11,001 | $13.62 | A | 38,521 | D | |
| Common StockF1,F2,F3 | May 2, 2018 | S | 11,001 | $29.37 | D | 27,520 | D | |
| Common StockF1,F2,F3 | May 2, 2018 | S | 948 | $29.37 | D | 26,572 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy) | $13.62 | May 2, 2018 | M | 11,001 | D | Apr 29, 2018 | Apr 29, 2023 | Common Stock | 11,001 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $29.36 to $29.51. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2Includes 1,105 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
- F3Includes 25,467 Restricted Stock Units.