SEC Form 4 · accession 0001209191-18-017301
METLIFE INC · MET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C O'Donnell
Officer — EVP & Chief Accounting Officer
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 4:41 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 | 671 | — | A | 9,615 | D | |
| Common Stock | Mar 2, 2018 | F | 264 | $45.50 | D | 9,351 | D | |
| Common StockF1 | Mar 2, 2018 | M | 898 | — | A | 10,249 | D | |
| Common Stock | Mar 2, 2018 | F | 352 | $45.50 | D | 9,897 | D | |
| Common StockF1 | Mar 2, 2018 | M | 658 | — | A | 10,555 | D | |
| Common Stock | Mar 2, 2018 | F | 218 | $45.50 | D | 10,337 | D | |
| Common Stock | Mar 2, 2018 | A | 932 | $45.50 | A | 11,269 | D | |
| Common Stock | Mar 2, 2018 | F | 309 | $45.50 | D | 10,960 | D | |
| Common StockF5,F6 | holding | — | — | — | 1,189 | I | By Savings and Investment Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF7,F1,F8 | — | Mar 2, 2018 | M | 671 | D | — | — | Common Stock | 671 | 0 | D |
| Restricted Stock UnitsF9,F1,F10 | — | Mar 2, 2018 | M | 898 | D | — | — | Common Stock | 898 | 899 | D |
| Restricted Stock UnitsF11,F1,F12 | — | Mar 2, 2018 | M | 658 | D | — | — | Common Stock | 658 | 1,316 | D |
| Common Stock Equivalent UnitsF14,F13 | — | holding | — | — | — | — | — | Common Stock | — | 276 | D |
Explanation of responses
- F1Each Restricted Stock Unit is the contingent right to receive one share of MetLife, Inc. common stock.
- F10The Restricted Stock Units vest in three installments on March 1, 2017, 2018 and 2019.
- F11Includes 70 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.
- F12The Restricted Stock Units vest in three installments on March 1, 2018, 2019 and 2020.
- F13Each Common Stock Equivalent Unit is the economic value of one share of MetLife, Inc. common stock. Common Stock Equivalent Units were acquired pursuant to the Metropolitan Life Auxiliary Savings and Investment Plan, an "Excess Benefit Plan" under Rule 16b-3(b)(2). When such Common Stock Equivalent Units are distributed, they are settled in cash.
- F14Between June 1, 2017 and February 2, 2018, the reporting person acquired 49.3950 Common Stock Equivalents under the Metropolitan Life Auxiliary Savings and Investment Plan. The information in this report is based on a plan statement dated as of February 2, 2018. There has been no activity since February 2, 2018.
- F2Shares withheld to satisfy the Reporting Person's tax withholding obligation due on the Restricted Share Unit payout.
- F3Shares acquired from the payout of the 2015-2017 Performance Share Award following determination of the performance factor for such award.
- F4Shares withheld to satisfy the Reporting Person's tax withholding obligation due on the Performance Share payout.
- F5Between June 1, 2017 and February 28, 2018, the reporting person acquired 57.1817 shares in the MetLife, Inc. common stock fund of the Savings and Investment Plan. The information in this report is based on a plan statement dated as of February 28, 2018.
- F6The reported holding reflects interests in a MetLife, Inc. common stock fund allocated to and indirectly held by the reporting person under the Savings and Investment Plan for Employees of Metropolitan Life and Participating Affiliates, a "Qualified Plan" under Rule 16b-3(b)(4).
- F7Includes 71 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.
- F8The Restricted Stock Units vested in three installments on February 24, 2016, 2017 and 2018. This installment became payable following the certification on March 2, 2018 that MetLife, Inc. met specified financial goals.
- F9Includes 96 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.