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 *
SIDHU JAY S
  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
(Last)
(First)
(Middle)
1015 PENN AVENUE, SUITE 103
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2016
(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)
Code V Amount (A) or (D) Price
Restricted Stock Units (Common Stock) 02/24/2016   A(3)   38,604 A $ 0 168,899 D  
Common Stock               355,363 D  
Restricted Stock Units (Class B Non-Voting Common Stock)               232,804 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (right to buy) $ 22.36             08/26/2020 08/26/2025 Common Stock 310,000   310,000 (4) D  
Employee Stock Options (right to buy) $ 15.23             05/21/2018 05/21/2023 Common Stock 679,701   679,701 (1) D  
Warrants $ 9.55             06/30/2009 06/30/2016 Common Stock 215,156   215,156 D  
Warrants $ 9.55             09/30/2009 09/30/2016 Common Stock 24,080   24,080 D  
Warrants $ 9.55             11/13/2009 11/13/2016 Common Stock 66,695   66,695 D  
Employee Stock Options (right to buy) $ 8.86             04/06/2015 04/06/2020 Common Stock 493,629   493,629 (1) D  
Employee Stock Options (right to buy) $ 8.55             07/14/2015 07/14/2020 Common Stock 12,834   12,834 (1) D  
Employee Stock Options (right to buy) $ 10.91             12/28/2015 12/28/2020 Common Stock 81,864   81,864 (1) D  
Employee Stock Options (right to buy) $ 10.91             01/31/2016 01/31/2021 Common Stock 84,105   84,105 (1) D  
Employee Stock Options (right to buy) $ 10.91             02/28/2016 02/28/2021 Common Stock 36,869   36,869 (1) D  
Employee Stock Options (right to buy) $ 10.91             03/07/2016 03/07/2021 Common Stock 29,514   29,514 (1) D  
Employee Stock Options (right to buy) $ 12             09/17/2016 09/17/2021 Class B Non-Voting Common Stock 68,639   68,639 (2) D  
Employee Stock Options (right to buy) $ 12             09/30/2016 09/30/2021 Class B Non-Voting Common Stock 108,334   108,334 (2) D  
Employee Stock Options (right to buy) $ 12.73             09/20/2017 09/20/2022 Common Stock 782,300   782,300 (1) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SIDHU JAY S
1015 PENN AVENUE, SUITE 103
WYOMISSING, PA 19610
  X     Chairman & CEO  

Signatures

 /s/Jay S. Sidhu by Glenn A. Yeager under Power of Attorney   03/21/2016
**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) 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) Grant of restricted stock award in connection with 2015 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.
(4) 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.

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