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
  1. 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).
  2. 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.
  3. 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.