4//SEC Filing
Customers Bancorp, Inc. 4
Accession 0001140361-16-049242
$CUBICIK 0001488813operating
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 5:51 PM ET
Size
9.5 KB
Accession
0001140361-16-049242
Insider Transaction Report
Form 4
Wahlman Robert E.
CFO&Executive Vice President
Transactions
- Tax Payment
Common Stock
2016-01-27$25.70/sh−137$3,521→ 44,296 total
Holdings
- 40,000
Stock Options (right to buy)
Exercise: $23.36From: 2020-08-26Exp: 2025-08-26→ Common Stock (40,000 underlying) - 22,000
Stock Options (right to buy)
Exercise: $15.62From: 2018-08-05Exp: 2023-08-05→ Common Stock (22,000 underlying) - 22,000
Stock Options (right to buy)
Exercise: $17.65From: 2019-02-20Exp: 2024-02-20→ Common Stock (22,000 underlying)
Footnotes (4)
- [F1]Shares withheld for taxes upon vesting of previously issued restricted stock award.
- [F2]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.
- [F3]Exercise price adjusted to account for Stock Dividend.
- [F4]Under the terms of the Customers Bancorp, Inc. Amended and Restated 2004 Incentive Equity and Compensation 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.
Documents
Issuer
Customers Bancorp, Inc.
CIK 0001488813
Entity typeoperating
IncorporatedPA
Related Parties
1- filerCIK 0001488813
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 5:51 PM ET
- Size
- 9.5 KB