SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SIDHU JAY S

(Last) (First) (Middle)
1015 PENN AVENUE, SUITE 103

(Street)
WYOMISSING PA 19610

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Customers Bancorp, Inc. [ CUBI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
11/18/2013
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/18/2013 P 25,800 A $16.954(3) 300,130 D
Restricted Stock Units (Common Stock) 58,531 D
Restricted Stock Units (Class B Non-Voting Common Stock) 211,640 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (right to buy) $16.75 05/21/2018 05/21/2023 Common Stock 617,910 617,910(1) D
Warrants $10.5 06/30/2009 06/30/2016 Common Stock 195,596 195,596 D
Warrants $10.5 09/30/2009 09/30/2016 Common Stock 21,891 21,891 D
Warrants $10.5 11/13/2009 11/13/2016 Common Stock 60,632 60,632 D
Employee Stock Options (right to buy) $9.75 04/06/2015 04/06/2020 Common Stock 448,754 448,754(1) D
Employee Stock Options (right to buy) $10.5 07/14/2015 07/14/2020 Common Stock 11,667 11,667(1) D
Employee Stock Options (right to buy) $12 12/28/2015 12/28/2020 Common Stock 74,422 74,422(1) D
Employee Stock Options (right to buy) $12 01/31/2016 01/31/2021 Common Stock 76,459 76,459(1) D
Employee Stock Options (right to buy) $12 02/28/2016 02/28/2021 Common Stock 33,517 33,517(1) D
Employee Stock Options (right to buy) $12 03/07/2016 03/07/2021 Common Stock 26,831 26,831(1) D
Employee Stock Options (right to buy) $13.2 09/17/2016 09/17/2021 Class B Non-Voting Common Stock 62,399 62,399(2) D
Employee Stock Options (right to buy) $13.2 09/30/2016 09/30/2021 Class B Non-Voting Common Stock 98,485 98,485(2) D
Employee Stock Options (right to buy) $14 09/20/2017 09/20/2022 Common Stock 711,182 711,182(1) D
Explanation of Responses:
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. 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.
Remarks:
/s/ Jay S Sidhu by Glenn A Yeager under Power of Attorney 11/20/2013
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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