SEC Form 4 · accession 0001209191-18-017294

METLIFE INC · MET

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Michel Khalaf

Officer — President, U.S. Business,EMEA

Period of report

Mar 2, 2018

Accepted (ET)

Mar 6, 2018 · 4:40 pm EST

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
Common Stock^F1	Mar 2, 2018	M	2,904	—	A	23,685	D
Common Stock	Mar 2, 2018	D	2,904	$45.50	D	20,781	D
Common Stock^F1	Mar 2, 2018	M	4,370	—	A	25,151	D
Common Stock	Mar 2, 2018	D	4,370	$45.50	D	20,781	D
Common Stock^F1	Mar 2, 2018	M	3,201	—	A	23,982	D
Common Stock	Mar 2, 2018	D	3,201	$45.50	D	20,781	D
Common Stock	Mar 2, 2018	A	17,425	$45.50	A	38,206	D
Common Stock	Mar 2, 2018	D	17,425	$45.50	D	20,781	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Units (Cash Payable)^F3,F1,F4	—	Mar 2, 2018	M	2,904	D	—	—	Common Stock	2,904	0	D
Restricted Units (Cash Payable)^F5,F1,F6	—	Mar 2, 2018	M	4,370	D	—	—	Common Stock	4,370	4,371	D
Restricted Units (Cash-Payable)^F7,F1,F8	—	Mar 2, 2018	M	3,201	D	—	—	Common Stock	3,201	6,405	D
Employee Stock Option (Right to Buy)^F9	$45.50	Mar 2, 2018	A	34,608	A	—	Mar 1, 2028	Common Stock	34,608	34,608	D
Restricted Stock Units^F10,F11	—	Mar 2, 2018	A	11,539	A	—	—	Common Stock	11,539	11,539	D

Explanation of responses

F1Each Restricted Unit is the contingent right to receive cash equal to the closing price of one share of MetLife, Inc. common stock on the vesting date.
F10Each Restricted Stock Unit is the contingent right to receive one share of MetLife, Inc. common stock.
F11The Restricted Stock Units vest in three installments on March 1, 2019, 2020 and 2021.
F2Cash payout of 2015-2017 Performance Units, following determination of the performance factor for such award. Each Performance Unit is settled in cash equal to the closing price of one share of MetLife, Inc. common stock on the payout date.
F3Includes 309 Restricted Units previously added to the reporting person's award through an adjustment to maintain the intrinsic value of the Restricted Units in light of the distribution by MetLife, Inc., to its shareholders of Brighthouse Financial, Inc. common stock. The reporting person did not receive shares of Brighthouse Financial, Inc. common stock on account of the Restricted Units.
F4The Restricted Units vested in three installments on February 24, 2016, 2017 and 2018. This installment became payable following the certification that MetLife, Inc. met specified financial goals.
F5Includes 466 Restricted Units previously added to the reporting person's award through an adjustment to maintain the intrinsic value of the Restricted Units in light of the distribution by MetLife, Inc., to its shareholders of Brighthouse Financial, Inc. common stock. The reporting person did not receive shares of Brighthouse Financial, Inc. common stock on account of the Restricted Units.
F6The Restricted Stock Units vest in three installments on March 1, 2017, 2018 and 2019. The requisite certification that MetLife, Inc. met specified financial goals took place earlier.
F7Includes 341 Restricted Units previously added to the reporting person's award through an adjustment to maintain the intrinsic value of the Restricted Units in light of the distribution by MetLife, Inc., to its shareholders of Brighthouse Financial, Inc. common stock. The reporting person did not receive shares of Brighthouse Financial, Inc. common stock on account of the Restricted Units
F8The Restricted Units vest in three installments on March 1, 2019, 2020 and 2021.
F9The options become exercisable in three installments on March 1, 2019, 2020 and 2021.