SEC Form 4 · accession 0001209191-15-055911
METLIFE INC · MET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven A Kandarian
Officer — Chairman, President & CEO · Director
Period of report
Jun 22, 2015
Accepted (ET)
Jun 24, 2015 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001099219
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 22, 2015 | M | 17,500 | $50.12 | A | 275,272 | D | |
| Common StockF1 | Jun 22, 2015 | S | 17,500 | $57.12 | D | 257,772 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3,F2 | $50.12 | Jun 22, 2015 | M | 17,500 | D | — | Feb 27, 2016 | Common Stock | 17,500 | 0 | D |
Explanation of responses
- F1MetLife, Inc. has established share ownership guidelines for Mr. Kandarian and other senior officers based on a multiple of annual base salary rate. Mr. Kandarian's share ownership following this transaction continues to exceed the guideline applicable to him.
- F2These stock options vested in three equal installments on February 28, 2007, 2008 and 2009.
- F3The balance of Mr. Kandarian's stock options in this grant were effectively transferred other than for value under a domestic relations order.