1. Name and Address of Reporting Person * |
Â
KANAS JOHN ADAM |
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2. Date of Event Requiring Statement (Month/Day/Year) 01/27/2011 |
3. Issuer Name and Ticker or Trading Symbol BankUnited, Inc. [BKU]
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C/O BANKUNITED, INC., 14817 OAK LANE |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director |
_____ 10% Owner |
__X__ Officer (give title below) |
_____ Other (specify below) |
Chairman, President and CEO |
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5. If Amendment, Date Original Filed(Month/Day/Year)
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MIAMI LAKES, FL 33016 |
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned |
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1.Title of Security (Instr. 4) |
2. Amount of Securities Beneficially Owned (Instr. 4) |
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) |
4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock, par value $0.01 per share
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3,800,170
(1)
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D
|
Â
|
Common Stock, par value $0.01 per share
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1,250,000
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I
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As Trustee
(2)
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Common Stock Option (right to buy)
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Â
(3)
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05/21/2019 |
Common Stock, par value $0.01 per share
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2,226,258
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$
27
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D
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Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
Includes 948,309 shares of restricted common stock. In connection with the reorganization transactions (the "Reorganization") described in the BankUnited, Inc. Registration Statement on Form S-1 (File No. 333-170203) (the "Registration Statement"), one-sixth of these shares vested on May 21, 2010, one-half will vest on the date of the Reorganization (expected February 2, 2011) and one-sixth will vest on each of May 21, 2011 and May 21, 2012. |
(2) |
Shares held by the Kanas 2010 Annuity Trust, over which the reporting person is the 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 for any other purpose. |
(3) |
Includes 2,226,258 options. In connection with the Reorganization described in the Registration Statement, one-sixth of these options vested on May 21, 2010, one-half will vest on the date of the Reorganization (expected February 2, 2011) and one-sixth will vest on each of May 21, 2011 and May 21, 2012. |