Filing Details
- Accession Number:
- 0001140361-13-043682
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-11-20 17:13:04
- Reporting Period:
- 2013-11-18
- Filing Date:
- 2013-11-20
- Accepted Time:
- 2013-11-20 17:13:04
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1488813 | Customers Bancorp Inc. | CUBI | State Commercial Banks (6022) | 272290659 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1222371 | S Jay Sidhu | 1015 Penn Avenue, Suite 103 Wyomissing PA 19610 | Chairman & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2013-11-18 | 25,800 | $16.95 | 300,130 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Restricted Stock Units (Common Stock) | 58,531 | Direct | |
Restricted Stock Units (Class B Non-Voting Common Stock) | 211,640 | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Employee Stock Options (right to buy) | $16.75 | 2018-05-21 | 2023-05-21 | 617,910 | 617,910 | Direct |
Common Stock | Warrants | $10.50 | 2009-06-30 | 2016-06-30 | 195,596 | 195,596 | Direct |
Common Stock | Warrants | $10.50 | 2009-09-30 | 2016-09-30 | 21,891 | 21,891 | Direct |
Common Stock | Warrants | $10.50 | 2009-11-13 | 2016-11-13 | 60,632 | 60,632 | Direct |
Common Stock | Employee Stock Options (right to buy) | $9.75 | 2015-04-06 | 2020-04-06 | 448,754 | 448,754 | Direct |
Common Stock | Employee Stock Options (right to buy) | $10.50 | 2015-07-14 | 2020-07-14 | 11,667 | 11,667 | Direct |
Common Stock | Employee Stock Options (right to buy) | $12.00 | 2015-12-28 | 2020-12-28 | 74,422 | 74,422 | Direct |
Common Stock | Employee Stock Options (right to buy) | $12.00 | 2016-01-31 | 2021-01-31 | 76,459 | 76,459 | Direct |
Common Stock | Employee Stock Options (right to buy) | $12.00 | 2016-02-28 | 2021-02-28 | 33,517 | 33,517 | Direct |
Common Stock | Employee Stock Options (right to buy) | $12.00 | 2016-03-07 | 2021-03-07 | 26,831 | 26,831 | Direct |
Class B Non-Voting Common Stock | Employee Stock Options (right to buy) | $13.20 | 2016-09-17 | 2021-09-17 | 62,399 | 62,399 | Direct |
Class B Non-Voting Common Stock | Employee Stock Options (right to buy) | $13.20 | 2016-09-30 | 2021-09-30 | 98,485 | 98,485 | Direct |
Common Stock | Employee Stock Options (right to buy) | $14.00 | 2017-09-20 | 2022-09-20 | 711,182 | 711,182 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2023-05-21 | 617,910 | 617,910 | Direct |
2016-06-30 | 195,596 | 195,596 | Direct |
2016-09-30 | 21,891 | 21,891 | Direct |
2016-11-13 | 60,632 | 60,632 | Direct |
2020-04-06 | 448,754 | 448,754 | Direct |
2020-07-14 | 11,667 | 11,667 | Direct |
2020-12-28 | 74,422 | 74,422 | Direct |
2021-01-31 | 76,459 | 76,459 | Direct |
2021-02-28 | 33,517 | 33,517 | Direct |
2021-03-07 | 26,831 | 26,831 | Direct |
2021-09-17 | 62,399 | 62,399 | Direct |
2021-09-30 | 98,485 | 98,485 | Direct |
2022-09-20 | 711,182 | 711,182 | Direct |
Footnotes
- Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of date of grant, subject to a 50% increase in the trading price of the company's voting common stock on the NASDAQ Global Select Market (or other national stock market or securities quotation system).
- Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of date of grant, subject to a 50% increase in the Fully Diluted Tangible Book Value (as defined and determined in accordance with the 2010 Stock Option Plan) of the company.
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.954 to $17.0268, inclusive. The reporting person undertakes to provide to Customers Bancorp, Inc., any security holder of Customers Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) of this Form 4.