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Customers Bancorp, Inc. — Director's Dealing 2013
Nov 20, 2013
31595_dirs_2013-11-20_0d467784-c742-4090-b1f8-1f2a8c9770d9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Customers Bancorp, Inc. (CUBI)
CIK: 0001488813
Period of Report: 2013-11-18
Reporting Person: SIDHU JAY S (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-11-18 | Common Stock | P | 25800 | $16.954 | Acquired | 300130 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Restricted Stock Units (Common Stock) | 58531 | Direct |
| Restricted Stock Units (Class B Non-Voting Common Stock) | 211640 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options (right to buy) | $16.75 | 2023-05-21 | Common Stock (617910) | 617910 | Direct |
| Warrants | $10.50 | 2016-06-30 | Common Stock (195596) | 195596 | Direct |
| Warrants | $10.50 | 2016-09-30 | Common Stock (21891) | 21891 | Direct |
| Warrants | $10.50 | 2016-11-13 | Common Stock (60632) | 60632 | Direct |
| Employee Stock Options (right to buy) | $9.75 | 2020-04-06 | Common Stock (448754) | 448754 | Direct |
| Employee Stock Options (right to buy) | $10.50 | 2020-07-14 | Common Stock (11667) | 11667 | Direct |
| Employee Stock Options (right to buy) | $12.00 | 2020-12-28 | Common Stock (74422) | 74422 | Direct |
| Employee Stock Options (right to buy) | $12.00 | 2021-01-31 | Common Stock (76459) | 76459 | Direct |
| Employee Stock Options (right to buy) | $12.00 | 2021-02-28 | Common Stock (33517) | 33517 | Direct |
| Employee Stock Options (right to buy) | $12.00 | 2021-03-07 | Common Stock (26831) | 26831 | Direct |
| Employee Stock Options (right to buy) | $13.20 | 2021-09-17 | Class B Non-Voting Common Stock (62399) | 62399 | Direct |
| Employee Stock Options (right to buy) | $13.20 | 2021-09-30 | Class B Non-Voting Common Stock (98485) | 98485 | Direct |
| Employee Stock Options (right to buy) | $14.00 | 2022-09-20 | Common Stock (711182) | 711182 | Direct |
Footnotes
F1: 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).
F2: 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 Fully Diluted Tangible Book Value (as defined and determined in accordance with the 2010 Stock Option Plan) of the company.
F3: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.954 to $17.0268, inclusive. The reporting person undertakes to provide to Customers Bancorp, Inc., any security holder of Customers Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) of this Form 4.