SEC Form 4 · accession 0001209191-17-017732
BankUnited, Inc. · BKU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas J Pauls
Director
Period of report
Mar 2, 2017
Accepted (ET)
Mar 3, 2017 · 5:08 pm EST
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 | Jan 30, 2017 | G | 1,000 | — | D | 31,380 | D | |
| Common Stock, par value $0.01 per share | Mar 2, 2017 | M | 11,200 | $22.31 | A | 42,580 | D | |
| Common Stock, par value $0.01 per shareF2,F3 | Mar 2, 2017 | S | 11,200 | $40.6027 | D | 31,380 | D | |
| Common Stock, par value $0.01 per shareF4 | holding | — | — | — | 31,000 | I | As co-trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option (right to buy)F5 | $22.31 | Mar 2, 2017 | M | 11,200 | D | — | Dec 16, 2021 | Common Stock, par value $0.01 per share | 11,200 | 22,133 | D |
Explanation of responses
- F1Bona fide gift by the Reporting Person for no consideration.
- F2Reflects the sale of 11,200 shares of common stock by the reporting person under Rule 144 promulgated under the Securities Act of 1933, as amended.
- F3This price represents the weighted average sale price of trades transacted at a multitude of prices ranging from $40.48 to $40.87. 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 shares sold at each separate price.
- F4Shares held by the Pauls Family Foundation, for which Mr. Pauls 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 share in this report shall not be deemed an admission of beneficial ownership of these shares for Section 16 or for any other purpose.
- F5Issued pursuant to the terms of the BankUnited, Inc. 2010 Omnibus Equity Incentive Plan. One-third of the options granted on December 16, 2011 vested on each of December 16, 2012 and 2013 before the reporting person's employment ended on December 31, 2013.