SEC Form 4 · accession 0001209191-17-021441
BankUnited, Inc. · BKU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Adam Kanas
Director · Other
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 5:04 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 share | Mar 15, 2017 | M | 13,429 | $38.90 | A | 1,282,309 | D | |
| Common Stock, par value $0.01 per share | Mar 15, 2017 | D | 13,429 | $38.90 | D | 1,268,880 | D | |
| Common Stock, par value $0.01 per shareF1,F2 | Mar 15, 2017 | S | 21,810 | $39.027 | D | 1,247,070 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitF3,F4 | — | Mar 15, 2017 | M | 13,429 | D | — | — | Common Stock, par value $0.01 per share | 13,429 | 26,856 | D |
Explanation of responses
- F1These sales were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person.
- F2The shares were sold in multiple transactions on March 15, 2017 at actual sale prices ranging from $39.00 to $39.09 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.
- F3Each restricted share unit represents the right to receive, at settlement, one share of common stock or cash in an amount equal to the fair market value of one share of common stock.
- F4Issued pursuant to the terms of the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan. 13,429 units vested on December 31, 2016, and 13,428 units will vest on each of December 31, 2017 and December 31, 2018.