Customers Bancorp, Inc. 4
4 · Customers Bancorp, Inc. · Filed Jan 29, 2016
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.