Edgar Filing: Customers Bancorp, Inc.

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT 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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Ehst Richard A

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 and COO

(Last)

(First)

(Middle)

1015 PENN AVENUE, SUITE 103

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2017

(Street)

WYOMISSING, PA 19610

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	02/28/2017		A⁽¹⁾		1,935	A	$ 0	67,438 ⁽²⁾ ⁽³⁾	D
Common Stock	03/13/2017		M		45,000 ⁽⁴⁾	A	$ 8.86	112,438 ⁽²⁾ ⁽³⁾	D
Common Stock	03/13/2017		S		45,000 ⁽⁶⁾	D	$ 33.27 ⁽⁵⁾	67,438 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		19,544 ⁽⁴⁾	A	$ 8.86	86,982 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		9,000 ⁽⁴⁾	A	$ 10.91	95,982 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		S		28,544 ⁽⁶⁾	D	$ 33.01 ⁽⁹⁾	67,438 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		1,925	A	$ 9.55	69,363 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		3,279	A	$ 10.91	72,642 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		12,616	A	$ 10.91	85,258 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		5,531	A	$ 10.91	90,789 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		4,428	A	$ 10.91	95,217 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		10,296	A	$ 12	105,513 ⁽²⁾ ⁽³⁾	D
Common Stock	03/14/2017		M		16,250	A	$ 12	121,763 ⁽²⁾ ⁽³⁾	D

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)

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 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)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Options (right to buy)

$ 8.86 ⁽⁷⁾

03/13/2017

45,000 ⁽⁴⁾

04/06/2015

04/06/2020

Common Stock

45,000

$ 0

19,544 ⁽²⁾ ⁽⁸⁾

Employee Stock Options (right to buy)

$ 8.86 ⁽⁷⁾

03/14/2017

19,544 ⁽⁴⁾

04/06/2015

04/06/2020

Common Stock

19,544

$ 0

Employee Stock Options (right to buy)

$ 10.91 ⁽⁷⁾

03/14/2017

9,000 ⁽⁴⁾

10/28/2015

12/28/2020

Common Stock

9,000

$ 0

3,279 ⁽²⁾ ⁽⁸⁾

Employee Stock Options (right to buy)

$ 9.55 ⁽⁷⁾

03/14/2017

1,925 ⁽⁴⁾

07/14/2015

07/14/2020

Common Stock

1,925

$ 0

Employee Stock Options (right to buy)

$ 10.91 ⁽⁷⁾

03/14/2017

3,279 ⁽⁴⁾

12/28/2015

12/28/2020

Common Stock

3,279

$ 0

Employee Stock Options (right to buy)

$ 10.91 ⁽⁷⁾

03/14/2017

12,616 ⁽⁴⁾

01/31/2016

01/31/2021

Common Stock

12,616

$ 0

Employee Stock Options (right to buy)

$ 10.91 ⁽⁷⁾

03/14/2017

5,531 ⁽⁴⁾

02/28/2016

02/28/2021

Common Stock

5,531

$ 0

Employee Stock Options (right to buy)

$ 10.91 ⁽⁷⁾

03/14/2017

4,428 ⁽⁴⁾

03/07/2016

03/07/2021

Common Stock

4,428

$ 0

Employee Stock Options (right to buy)

$ 12 ⁽⁷⁾

03/14/2017

10,296 ⁽⁴⁾

09/17/2016

09/17/2021

Common Stock

10,296

$ 0

Employee Stock Options (right to buy)

$ 12 ⁽⁷⁾

03/14/2017

16,250 ⁽⁴⁾

09/30/2016

09/30/2021

Common Stock

16,250

$ 0

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Ehst Richard A 1015 PENN AVENUE, SUITE 103 WYOMISSING, PA 19610			President and COO

Signatures

/s/ Richard Ehst by Carlyn D'Amico Under Power of Attorney		03/15/2017
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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)	Grant of restricted stock award in connection with 2016 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.
(2)	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.
(3)	Includes 26,810 Restricted Stock Units
(4)	Stock Options exercised.
(5)	This transaction was executed in multiple trades at prices ranging from $33.15 to $33.51. 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 transaction was effected.
(6)	Sale of Common Stock in connection with broker assisted cashless exercise of options.
(7)	Exercise price adjusted to account for Stock Dividend.
(8)	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 a 50% increase in the trading price of the company's voting common stock.
(9)	This transaction was executed in multiple trades at prices ranging from $32.82 to $33.32. 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 transaction was effected.

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