Filing Details
- Accession Number:
- 0001140361-17-011997
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-03-15 11:26:33
- Reporting Period:
- 2017-02-28
- Filing Date:
- 2017-03-15
- Accepted Time:
- 2017-03-15 11:26:33
- 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 | 2017-02-28 | 1,935 | $0.00 | 67,438 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2017-03-13 | 45,000 | $8.86 | 112,438 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-03-13 | 45,000 | $33.27 | 67,438 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 19,544 | $8.86 | 86,982 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 9,000 | $10.91 | 95,982 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-03-14 | 28,544 | $33.01 | 67,438 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 1,925 | $9.55 | 69,363 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 3,279 | $10.91 | 72,642 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 12,616 | $10.91 | 85,258 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 5,531 | $10.91 | 90,789 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 4,428 | $10.91 | 95,217 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 10,296 | $12.00 | 105,513 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-03-14 | 16,250 | $12.00 | 121,763 | No | 4 | M | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | 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) | Disposition | 2017-03-13 | 45,000 | $0.00 | 45,000 | $8.86 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 19,544 | $0.00 | 19,544 | $8.86 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 9,000 | $0.00 | 9,000 | $10.91 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 1,925 | $0.00 | 1,925 | $9.55 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 3,279 | $0.00 | 3,279 | $10.91 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 12,616 | $0.00 | 12,616 | $10.91 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 5,531 | $0.00 | 5,531 | $10.91 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 4,428 | $0.00 | 4,428 | $10.91 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 10,296 | $0.00 | 10,296 | $12.00 |
| Common Stock | Employee Stock Options (right to buy) | Disposition | 2017-03-14 | 16,250 | $0.00 | 16,250 | $12.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 19,544 | 2015-04-06 | 2020-04-06 | No | 4 | M | Direct |
| 0 | 2015-04-06 | 2020-04-06 | No | 4 | M | Direct |
| 3,279 | 2015-10-28 | 2020-12-28 | No | 4 | M | Direct |
| 0 | 2015-07-14 | 2020-07-14 | No | 4 | M | Direct |
| 0 | 2015-12-28 | 2020-12-28 | No | 4 | M | Direct |
| 0 | 2016-01-31 | 2021-01-31 | No | 4 | M | Direct |
| 0 | 2016-02-28 | 2021-02-28 | No | 4 | M | Direct |
| 0 | 2016-03-07 | 2021-03-07 | No | 4 | M | Direct |
| 0 | 2016-09-17 | 2021-09-17 | No | 4 | M | Direct |
| 0 | 2016-09-30 | 2021-09-30 | No | 4 | M | 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.
- 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.
- Includes 26,810 Restricted Stock Units
- Stock Options exercised.
- This transaction was executed in multiple trades at prices ranging from $33.15 to $33.51. 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.
- Sale of Common Stock in connection with broker assisted cashless exercise of options.
- Exercise price adjusted to account for Stock Dividend.
- 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 a 50% increase in the trading price of the company's voting common stock.
- This transaction was executed in multiple trades at prices ranging from $32.82 to $33.32. 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.
Billionaire Hedge Funds
