SEC Form 4 · accession 0001567619-19-006143
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
Mar 5, 2019
Accepted (ET)
Mar 5, 2019 · 4:16 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,F3 | Mar 5, 2019 | M | 5,500 | $17.65 | A | 36,743 | D | |
| Common StockF1,F2,F3 | Mar 5, 2019 | S | 5,500 | $20.4759 | D | 31,243 | D | |
| Common StockF1,F3,F4 | Mar 5, 2019 | S | 1,426 | $20.4759 | D | 29,817 | 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) | $17.65 | Mar 5, 2019 | M | 5,500 | D | Feb 20, 2019 | Feb 20, 2024 | Common Stock | 5,500 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $20.463 to $20.521. 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 205 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
- F3Includes 29,716 Restricted Stock Units.
- F4Includes 101 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.