SEC FORM 4

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^*

Ehst Richard A

(Last)

(First)

(Middle)

1015 PENN AVENUE, SUITE 103

(Street)

WYOMISSING

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President & COO

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2015

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/27/2016		F⁽²⁾		234	D	$25.7	85,603⁽³⁾⁽⁴⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (right to buy)	$23.36							08/26/2020	08/26/2025	Common Stock	46,395		46,395⁽⁶⁾	D
Employee Stock Options (right to buy)	$15.23⁽⁵⁾							05/21/2018	05/21/2023	Common Stock	101,956		101,956⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$8.86⁽⁵⁾							04/06/2015	04/06/2020	Common Stock	74,044		74,044⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$9.55⁽⁵⁾							07/14/2015	07/14/2020	Common Stock	1,925		1,925⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$10.91⁽⁵⁾							12/28/2015	12/28/2020	Common Stock	12,279		12,279⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$10.91⁽⁵⁾							01/31/2016	01/31/2021	Common Stock	12,616		12,616⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$10.91⁽⁵⁾							02/28/2016	02/28/2021	Common Stock	5,531		5,531⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$10.91⁽⁵⁾							03/07/2016	03/07/2021	Common Stock	4,428		4,428⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$12⁽⁵⁾							09/17/2016	09/17/2021	Common Stock	10,296		10,296⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$12⁽⁵⁾							09/30/2016	09/30/2021	Common Stock	16,250		16,250⁽¹⁾⁽⁴⁾	D
Employee Stock Options (right to buy)	$12.73⁽⁵⁾							09/20/2017	09/20/2022	Common Stock	117,345		117,345⁽¹⁾⁽⁴⁾	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. Shares withheld for taxes upon vesting of previously issued restricted stock.

3. Includes 63,390 shares of common stock previously reported in Table I separately as Restricted Stock Units.

4. 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.

5. Exercise price adjusted to account for Stock Dividend.

6. 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.

Remarks:

	/s/ Richard Ehst by Glenn A. Yeager under Power of Attorney	01/29/2016
	** 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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