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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Options (right to buy) | $ 22.36 | 08/26/2020 | 08/26/2025 | Common Stock | 310,000 | 310,000 (4) | D | ||||||||
Employee Stock Options (right to buy) | $ 15.23 | 05/21/2018 | 05/21/2023 | Common Stock | 679,701 | 679,701 (1) | D | ||||||||
Warrants | $ 9.55 | 06/30/2009 | 06/30/2016 | Common Stock | 215,156 | 215,156 | D | ||||||||
Warrants | $ 9.55 | 09/30/2009 | 09/30/2016 | Common Stock | 24,080 | 24,080 | D | ||||||||
Warrants | $ 9.55 | 11/13/2009 | 11/13/2016 | Common Stock | 66,695 | 66,695 | D | ||||||||
Employee Stock Options (right to buy) | $ 8.86 | 04/06/2015 | 04/06/2020 | Common Stock | 493,629 | 493,629 (1) | D | ||||||||
Employee Stock Options (right to buy) | $ 8.55 | 07/14/2015 | 07/14/2020 | Common Stock | 12,834 | 12,834 (1) | D | ||||||||
Employee Stock Options (right to buy) | $ 10.91 | 12/28/2015 | 12/28/2020 | Common Stock | 81,864 | 81,864 (1) | D | ||||||||
Employee Stock Options (right to buy) | $ 10.91 | 01/31/2016 | 01/31/2021 | Common Stock | 84,105 | 84,105 (1) | D | ||||||||
Employee Stock Options (right to buy) | $ 10.91 | 02/28/2016 | 02/28/2021 | Common Stock | 36,869 | 36,869 (1) | D | ||||||||
Employee Stock Options (right to buy) | $ 10.91 | 03/07/2016 | 03/07/2021 | Common Stock | 29,514 | 29,514 (1) | D | ||||||||
Employee Stock Options (right to buy) | $ 12 | 09/17/2016 | 09/17/2021 | Class B Non-Voting Common Stock | 68,639 | 68,639 (2) | D | ||||||||
Employee Stock Options (right to buy) | $ 12 | 09/30/2016 | 09/30/2021 | Class B Non-Voting Common Stock | 108,334 | 108,334 (2) | D | ||||||||
Employee Stock Options (right to buy) | $ 12.73 | 09/20/2017 | 09/20/2022 | Common Stock | 782,300 | 782,300 (1) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SIDHU JAY S 1015 PENN AVENUE, SUITE 103 WYOMISSING, PA 19610 |
X | Chairman & CEO |
/s/Jay S. Sidhu by Glenn A. Yeager under Power of Attorney | 03/21/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 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). |
(2) | 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. |
(3) | Grant of restricted stock award in connection with 2015 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. |
(4) | 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 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. |