Filing Details
- Accession Number:
- 0001140361-17-011875
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-03-14 12:34:51
- Reporting Period:
- 2017-02-28
- Filing Date:
- 2017-03-14
- Accepted Time:
- 2017-03-14 12:34:51
- 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 |
|---|---|---|---|---|---|---|---|
| 1512474 | Steven Issa | 1015 Penn Avenue, Suite 103 Wyomissing PA 19610 | Exec Vp/Chief Lending Officer | 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 | 2017-02-28 | 5,008 | $0.00 | 21,569 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2017-03-10 | 4,463 | $33.00 | 17,106 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | 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 (right to buy) | $17.65 | 2019-02-20 | 2024-02-20 | 5,500 | 5,500 | Direct |
| Common Stock | Stock Options (right to buy) | $13.62 | 2018-04-29 | 2023-04-29 | 11,000 | 11,000 | Direct |
| Common Stock | Stock Options (right to buy) | $23.36 | 2020-08-26 | 2025-08-26 | 10,000 | 10,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2024-02-20 | 5,500 | 5,500 | Direct |
| 2023-04-29 | 11,000 | 11,000 | Direct |
| 2025-08-26 | 10,000 | 10,000 | Direct |
Footnotes
- Grant of restricted stock award in connection with 2016 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.
- Includes 16,218 Restricted Stock Units.
- Includes 888 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
- 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 the date of grant, subject to either (i) total shareholder returns over the vesting period of at least 50%, or (ii) compound annual growth in diluted EPS for the company of at least 10% over the vesting period.
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