SEC Form 4 · accession 0001209191-19-017156
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 1, 2019
Accepted (ET)
Mar 5, 2019 · 8:17 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 | 899 | — | A | 13,306 | D | |
| Common Stock | Mar 1, 2019 | F | 299 | $45.55 | D | 13,007 | D | |
| Common StockF1 | Mar 1, 2019 | M | 658 | — | A | 13,665 | D | |
| Common Stock | Mar 1, 2019 | F | 224 | $45.55 | D | 13,441 | D | |
| Common StockF3 | holding | — | — | — | 1,292 | I | By MetLife 401(k) 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 UnitsF4,F1,F5 | — | Mar 1, 2019 | M | 899 | D | — | — | Common Stock | 899 | 0 | D |
| Restricted Stock UnitsF6,F1,F5 | — | Mar 1, 2019 | M | 658 | D | — | — | Common Stock | 658 | 658 | D |
| Common Stock Equivalent UnitsF7 | — | holding | — | — | — | — | — | Common Stock | — | 313 | 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 Stock Unit payout.
- F3The reported holding reflects interests in a MetLife, Inc. common stock fund allocated to and indirectly held by the reporting person under the MetLife 401(k) Plan, a "Qualified Plan" under Rule 16b-3(b)(4).
- F4Includes 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.
- F5The 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.
- F6Includes 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.
- F7Each 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 MetLife Auxiliary Match Plan, an "Excess Benefit Plan" under Rule 16b-3(b)(2). When such Common Stock Equivalent Units are distributed, they are settled in cash.