Sidhu Jay S's Form 4 filing
Customers Bancorp, Inc. (CUBB) · filed Dec 6, 2021
- Accession no.
- 0001562180-21-007468
- Filed
- Dec 6, 2021
- Trade date
- Dec 2-3, 2021
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions and 2 derivative transactions. Open-market sales total $3.54M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Sidhu Jay SCIK 0001222371 | Director, Officer (Chairman & CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 2, 2021 | Common Stock | MOption exerciseAcquired | +40,000 | $15.23 | +$609,200 | 1,464,912 | Direct | |
| Dec 2, 2021 | Common Stock | SSaleDisposed | −40,000 | $59.39F3 | −$2,375,600 | 1,424,912 | Direct | |
| Dec 3, 2021 | Common Stock | MOption exerciseAcquired | +20,000 | $15.23 | +$304,600 | 1,444,912 | Direct | |
| Dec 3, 2021 | Common Stock | SSaleDisposed | −20,000 | $58.28F4 | −$1,165,600 | 1,424,912 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 2, 2021 | Common Stock | MOption exerciseDisposed | −40,000 | $15.23 | −$609,200 | 259,701 | Direct | |
| Dec 3, 2021 | Common Stock | MOption exerciseDisposed | −20,000 | $15.23 | −$304,600 | 239,701 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
This transaction was executed in multiple trades at prices ranging from $58.91 to $59.85. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $57.12 to $58.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected.
Referenced by the price of 1 transaction in Table I.