SEC Form 4 · accession 0001209191-18-005647
BankUnited, Inc. · BKU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas J Pauls
Director
Period of report
Jan 25, 2018
Accepted (ET)
Jan 26, 2018 · 5:05 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 25, 2018 | G | 1,000 | — | D | 31,380 | D | |
| Common Stock, par value $0.01 per share | Jan 25, 2018 | M | 40,000 | $27.00 | A | 71,380 | D | |
| Common Stock, par value $0.01 per shareF2 | Jan 25, 2018 | S | 40,000 | $42.1168 | D | 31,380 | D | |
| Common Stock, par value $0.01 per shareF3 | 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)F4 | $27.00 | Jan 25, 2018 | M | 40,000 | D | — | Feb 2, 2021 | Common Stock, par value $0.01 per share | 40,000 | 141,399 | D |
Explanation of responses
- F1Bona fide gift by the Reporting Person for no consideration.
- F2This price represents the weighted average sale price of trades transacted at a multitude of prices ranging from $42.00 to $42.61. 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.
- F3Shares 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 shares in this report shall not be deemed an admission of beneficial ownership of these shares for Section 16 or for any other purpose.
- F4Issued pursuant to the terms of the BankUnited, Inc. 2010 Omnibus Equity Incentive Plan. All such options are currently exercisable.