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"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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| 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
| ( 1 )Shares of BankUnited, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the reporting person arising from the vesting of restricted shares and performance shares on March 13, 2020. These shares were not sold by the reporting person but were instead withheld from the total number of vested shares received by the reporting person from the Issuer.|
( 2 )Shares held by the P.A. Castellanos-Cornish Revocable Trust for which Mr. Cornish serves as a co-trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of these shares for Section 16 or any other purpose.
( 3 )Each restricted stock unit and performance share unit represents the right to receive, at settlement, one share of common stock or cash in an amount equal to the fair market value of one share of common stock.
( 4 )Issued pursuant to the terms of the BankUnited, Inc. 2014 Omnibus Equity Incentive Plan. 9,409 units vested on December 31, 2019, 8,652 units will vest on December 31, 2020, 4,129 units will vest on December 31, 2021, and 4,128 units will vest on December 31, 2022.
( 5 )13,538 performance share units vested on December 31, 2019 and are fully vested.
|* 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).|