SEC Form 4 · accession 0001209191-18-017295
METLIFE INC · MET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Esther Lee
Officer — EVP & Chief Marketing Officer
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 2, 2018 | M | 2,427 | — | A | 14,023 | D | |
| Common Stock | Mar 2, 2018 | F | 1,117 | $45.50 | D | 12,906 | D | |
| Common StockF1 | Mar 2, 2018 | M | 1,778 | — | A | 14,684 | D | |
| Common Stock | Mar 2, 2018 | F | 947 | $45.50 | D | 13,737 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1,F4 | — | Mar 2, 2018 | M | 2,427 | D | — | — | Common Stock | 2,427 | 2,429 | D |
| Restricted Stock UnitsF5,F1,F6 | — | Mar 2, 2018 | M | 1,778 | D | — | — | Common Stock | 1,778 | 3,559 | D |
| Employee Stock Option (Right to Buy)F7 | $45.50 | Mar 2, 2018 | A | 11,866 | A | — | Mar 1, 2028 | Common Stock | 11,866 | 11,866 | D |
| Restricted Stock UnitsF1,F8 | — | Mar 2, 2018 | A | 3,957 | A | — | — | Common Stock | 3,957 | 3,957 | D |
Explanation of responses
- F1Each Restricted Stock Unit is the contingent right to receive one share of MetLife, Inc. common stock.
- F2Shares withheld to satisfy the Reporting Person's tax withholding obligation due on the Restricted Share Unit payout.
- F3Includes 258 Restricted Stock Units previously added to the reporting person's award through an adjustment to maintain the intrinsic value of the Restricted Stock 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 Stock Units.
- F4The 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.
- F5Includes 189 Restricted Stock Units previously added to the reporting person's award through an adjustment to maintain the intrinsic value of the Restricted Stock 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 Stock Units.
- F6The Restricted Stock Units vest in three installments on March 1, 2018, 2019 and 2020. The requisite certification that MetLife, Inc. met specified financial goals took place earlier.
- F7The options become exercisable in three installments on March 2, 2019, 2020 and 2021.
- F8The Restricted Stock Units vest in three installments on March 1, 2019, 2020 and 2021.