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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 12/12/19 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1504008 |
| Issuer Name: BankUnited, Inc. |
| Issuer Trading Symbol: BKU |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1510616 |
| | Owner Name: Singh Rajinder P |
| Reporting Owner Address: |
| | Owner Street 1: C/O BANKUNITED, INC. |
| | Owner Street 2: 14817 OAK LANE |
| | Owner City: MIAMI LAKES |
| | Owner State: FL |
| | Owner ZIP Code: 33016 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? Yes |
| | Officer Title: President and CEO |
| | Other Text: Chairman of the Board |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, par value $0.01 per share |
| | Transaction Date: |
| | | Value: 12/12/19 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 87,877 |
| | | Transaction Price Per Share: |
| Value: 27.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 355,749 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, par value $0.01 per share |
| | Transaction Date: |
| | | Value: 12/12/19 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 76,466 |
| | | Transaction Price Per Share: |
| Value: 36.3546 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 279,283 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, par value $0.01 per share |
| | Transaction Date: |
| | | Value: 12/13/19 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 60,000 |
| | | Transaction Price Per Share: |
| Value: 27.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 339,283 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, par value $0.01 per share |
| | Transaction Date: |
| | | Value: 12/13/19 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 49,292 |
| | | Transaction Price Per Share: |
| Value: 36.3356 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 289,991 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 27.00 |
| | Transaction Date: |
| | | Value: 12/12/19 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 87,877 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 2/2/21 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock, par value $0.01 per share |
| | | Underlying Security Shares: |
| Value: 87,877 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 659,632 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 27.00 |
| | Transaction Date: |
| | | Value: 12/13/19 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 60,000 |
| | | Transaction Price Per Share: |
| Value: 0.00 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 2/2/21 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock, par value $0.01 per share |
| | | Underlying Security Shares: |
| Value: 60,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 599,632 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: The shares were sold in multiple transactions on December 12, 2019 at actual sale prices ranging from $36.19 to $36.63 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
| Footnote - F2: The shares were sold in multiple transactions on December 13, 2019 at actual sale prices ranging from $36.01 to $36.71 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
| Footnote - F3: Issued pursuant to the terms of the BankUnited, Inc. 2010 Omnibus Equity Incentive Plan. The options are fully vested. |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Susan Greenfield, Attorney-in-Fact |
| Signature Date: 12/13/19 |