SEC Form 4 · accession 0001209191-19-017151
METLIFE INC · MET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michel Khalaf
Officer — President, U.S. Bus. and EMEA
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 8:15 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 1, 2019 | M | 4,371 | — | A | 25,152 | D | |
| Common Stock | Mar 1, 2019 | D | 4,371 | $45.55 | D | 20,781 | D | |
| Common StockF1 | Mar 1, 2019 | M | 3,202 | — | A | 23,983 | D | |
| Common Stock | Mar 1, 2019 | D | 3,202 | $45.55 | D | 20,781 | D | |
| Common StockF2 | Mar 4, 2019 | M | 3,846 | — | A | 24,627 | D | |
| Common Stock | Mar 4, 2019 | F | 2,047 | $45.66 | D | 22,580 | 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)F4,F1,F5 | — | Mar 1, 2019 | M | 4,371 | D | — | — | Common Stock | 4,371 | 0 | D |
| Restricted Units (Cash Payable)F6,F1,F5 | — | Mar 1, 2019 | M | 3,202 | D | — | — | Common Stock | 3,202 | 3,202 | D |
| Restricted Stock UnitsF2,F7 | — | Mar 4, 2019 | M | 3,846 | D | — | — | Common Stock | 3,846 | 7,693 | 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.
- F2Each Restricted Stock Unit is the contingent right to receive one share of MetLife, Inc. common stock.
- F3Shares withheld to satisfy the Reporting Person's tax withholding obligation due on the Restricted Stock Unit payout.
- F4Includes 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.
- F5The Restricted Units vest in three installments on the first business day in March on or following each of the first three anniversaries of the Grant Date.
- F6Includes 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.
- F7The Restricted Stock Units vest in three installments on the first business day in March on or following each of the first three anniversaries of the Grant Date.