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
  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. Stock Options exercised.
  3. Includes 71,834 shares of common stock previously reported in Table I separately as Restricted Stock Units.
  4. 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.
  5. Exercise price adjusted to account for Stock Dividend.
  6. Sale of Common Stock in connection with broker assisted cashless exercise of options.
  7. 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.