Filing Details

Accession Number:
0001140361-16-058413
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-03-18 16:02:35
Reporting Period:
2016-02-24
Filing Date:
2016-03-18
Accepted Time:
2016-03-18 16:02:35
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
1527827 Glenn Hedde 1015 Penn Avenue, Suite 103
Wyomissing PA 19610
Pres Mortgage Warehouselending No 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 2016-02-24 22,280 $0.00 176,289 No 4 A Direct
Common Stock Disposition 2016-03-17 10,283 $24.10 166,006 No 4 F Direct
Common Stock Disposition 2016-03-17 19,868 $23.24 146,138 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Options $8.86 2015-04-06 2020-04-06 3,667 3,667 Direct
Common Stock Stock Options $10.91 2016-02-17 2021-02-17 9,167 9,167 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-04-06 3,667 3,667 Direct
2021-02-17 9,167 9,167 Direct
Footnotes
  1. Grant of restricted stock award in connection with 2015 performance bonus, with shares vesting in accordance with the terms of the award. A portion of this grant was provided in lieu of a cash bonus payment.
  2. Includes 89,275 shares of common stock previously reported in Table I separately as Restricted Stock Units.
  3. Shares withheld for taxes upon vesting of previously issued restricted stock award.
  4. Includes 59,124 shares of common stock previously reported in Table I separately as Restricted Stock Units.
  5. This transaction was executed in multiple trades at prices ranging from $23.01 to $23.63. The price reported above reflects the weighted average sale price. 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 number of shares and prices at which the transaction was effected.