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Customers Bancorp, Inc. — Director's Dealing 2017
Dec 30, 2017
31595_dirs_2017-12-29_34fe5a81-ccc5-4581-85af-1d8214a67212.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: 2017-12-20
Reporting Person: SIDHU JAY S (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-27 | Common Stock | M | 293629 | $8.86 | Acquired | 1142148 | Direct |
| 2017-12-27 | Common Stock | M | 12834 | $8.55 | Acquired | 1154982 | Direct |
| 2017-12-27 | Common Stock | M | 81864 | $10.91 | Acquired | 1236846 | Direct |
| 2017-12-27 | Common Stock | M | 84105 | $10.91 | Acquired | 1320951 | Direct |
| 2017-12-27 | Common Stock | M | 36869 | $10.91 | Acquired | 1357820 | Direct |
| 2017-12-27 | Common Stock | M | 29514 | $10.91 | Acquired | 1387334 | Direct |
| 2017-12-27 | Common Stock | M | 782300 | $12.73 | Acquired | 2169634 | Direct |
| 2017-12-27 | Common Stock | M | 68639 | $12.00 | Acquired | 2238273 | Direct |
| 2017-12-27 | Common Stock | M | 108334 | $12.00 | Acquired | 2346607 | Direct |
| 2017-12-27 | Common Stock | F | 1006775 | $26.34 | Disposed | 1339832 | Direct |
| 2017-12-28 | Common Stock | F | 17604 | $26.37 | Disposed | 1322228 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-12-20 | Employee Stock Option (right to buy) | $26.65 | A | 500000 | Acquired | 2027-12-20 | Common Stock (500000) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $8.86 | M | 293629 | Disposed | 2020-04-06 | Common Stock (293629) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $8.55 | M | 12834 | Disposed | 2020-07-14 | Common Stock (12834) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $10.91 | M | 81864 | Disposed | 2020-12-28 | Common Stock (81864) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $10.91 | M | 84105 | Disposed | 2021-01-31 | Common Stock (84105) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $10.91 | M | 36869 | Disposed | 2021-02-28 | Common Stock (36869) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $10.91 | M | 29514 | Disposed | 2021-03-07 | Common Stock (29514) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $12.73 | M | 782300 | Disposed | 2022-09-20 | Common Stock (782300) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $12 | M | 68639 | Disposed | 2021-09-17 | Common Stock (68639) | Direct |
| 2017-12-27 | Employee Stock Option (right to buy) | $12 | M | 108334 | Disposed | 2021-09-30 | Common Stock (108334) | Direct |
Footnotes
F1: Shares withheld for taxes upon vesting of previously issued restricted stock award.
F2: Includes 238,227 Restricted Stock Units.
F3: Includes 200,033 Restricted Stock Units.
F4: Includes 2,834 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F5: 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, provided the trading price of the company's voting common stock is above $40 for ten days prior to exercise. These Stock Options will also vest upon a change of control of the company.