Filing Details
- Accession Number:
- 0001140361-16-068067
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-06-01 15:18:09
- Reporting Period:
- 2016-05-31
- Filing Date:
- 2016-06-01
- Accepted Time:
- 2016-06-01 15:18:09
- 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 |
---|---|---|---|---|---|---|---|
1527855 | A Richard Ehst | 1015 Penn Avenue, Suite 103 Wyomissing PA 19610 | President And Coo | 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 | 2016-05-31 | 9,500 | $8.86 | 102,967 | No | 4 | M | Direct | |
Common Stock | Disposition | 2016-05-31 | 9,500 | $26.82 | 93,467 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Employee Stock Options (right to buy) | Acquisiton | 2016-05-31 | 9,500 | $0.00 | 9,500 | $8.86 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
64,544 | 2015-04-06 | 2020-04-06 | No | 4 | M | 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).
- Stock Options exercised.
- Includes 71,834 shares of common stock previously reported in Table I separately as Restricted Stock Units.
- On May 15, 2014, Customers Bancorp, Inc. declared a 10% stock dividend payable to all holders of record of common stock on May 27, 2014 (the "Stock Dividend"). As a result, the reporting person received additional shares of common stock as of June 30, 2014.
- Exercise price adjusted to account for Stock Dividend.
- Sale of Common Stock in connection with broker assisted cashless exercise of options.
- This transaction was executed in multiple trades at prices ranging from $26.67 to $26.98. 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.