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)
12/20/2017
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 12/27/2017 M 293,629 A $8.86 1,142,148(2)(4) D
Common Stock 12/27/2017 M 12,834 A $8.55 1,154,982(2)(4) D
Common Stock 12/27/2017 M 81,864 A $10.91 1,236,846(2)(4) D
Common Stock 12/27/2017 M 84,105 A $10.91 1,320,951(2)(4) D
Common Stock 12/27/2017 M 36,869 A $10.91 1,357,820(2)(4) D
Common Stock 12/27/2017 M 29,514 A $10.91 1,387,334(2)(4) D
Common Stock 12/27/2017 M 782,300 A $12.73 2,169,634(2)(4) D
Common Stock 12/27/2017 M 68,639 A $12 2,238,273(2)(4) D
Common Stock 12/27/2017 M 108,334 A $12 2,346,607(2)(4) D
Common Stock 12/27/2017 F 1,006,775 D $26.34 1,339,832(2)(4) D
Common Stock 12/28/2017 F(1) 17,604 D $26.37 1,322,228(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $26.65 12/20/2017 A 500,000 12/20/2022 12/20/2027 Common Stock 500,000 $0 500,000(5) D
Employee Stock Option (right to buy) $8.86 12/27/2017 M 293,629 04/06/2015 04/06/2020 Common Stock 293,629 $0 0 D
Employee Stock Option (right to buy) $8.55 12/27/2017 M 12,834 07/14/2015 07/14/2020 Common Stock 12,834 $0 0 D
Employee Stock Option (right to buy) $10.91 12/27/2017 M 81,864 12/28/2015 12/28/2020 Common Stock 81,864 $0 0 D
Employee Stock Option (right to buy) $10.91 12/27/2017 M 84,105 01/31/2016 01/31/2021 Common Stock 84,105 $0 0 D
Employee Stock Option (right to buy) $10.91 12/27/2017 M 36,869 02/28/2016 02/28/2021 Common Stock 36,869 $0 0 D
Employee Stock Option (right to buy) $10.91 12/27/2017 M 29,514 03/07/2016 03/07/2021 Common Stock 29,514 $0 0 D
Employee Stock Option (right to buy) $12.73 12/27/2017 M 782,300 09/20/2017 09/20/2022 Common Stock 782,300 $0 0 D
Employee Stock Option (right to buy) $12 12/27/2017 M 68,639 09/17/2016 09/17/2021 Common Stock 68,639 $0 0 D
Employee Stock Option (right to buy) $12 12/27/2017 M 108,334 09/30/2016 09/30/2021 Common Stock 108,334 $0 0 D
Explanation of Responses:
1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
2. Includes 238,227 Restricted Stock Units.
3. Includes 200,033 Restricted Stock Units.
4. Includes 2,834 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
5. 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, provided the trading price of the company's voting common stock is above $40 for ten days prior to exercise. These Stock Options will also vest upon a change of control of the company.
/s/ Jay S. Sidhu by Natalya Spadafora under Power of Attorney 12/29/2017
** 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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