SEC Form 4 · accession 0001209191-15-027943
BankUnited, Inc. · BKU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M. Cornish
Officer — Officer of Subsidiary
Period of report
Mar 18, 2015
Accepted (ET)
Mar 19, 2015 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001504008
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | Mar 18, 2015 | F | 13,153 | $33.0057 | D | 106,847 | D | |
| Common Stock, par value $0.01 per shareF3 | holding | — | — | — | 400 | I | As Co-Trustee |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects 13,153 shares of common stock of BankUnited, Inc. sold by the reporting person to satisfy the tax obligation arising from the vesting of restricted shares on March 17, 2015.
- F2The shares were sold in multiple transactions at actual sale prices ranging from $32.85 to $33.23 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Shares held by the P.A. Castellanos-Cornish Revocable Trust for which Mr. Cornish serves as a co-trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of these shares for Section 16 or any other purpose.
Remarks
The Reporting Person is the President, Florida Bank, of BankUnited, N.A., a wholly owned subsidiary of BankUnited, Inc.