SEC Form 4 · accession 0001209191-19-017158
METLIFE INC · MET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kishore Ponnavolu
Officer — President, Asia
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 8:18 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 | 1,335 | — | A | 18,731 | D | |
| Common Stock | Mar 1, 2019 | F | 419 | $45.55 | D | 18,312 | D | |
| Common StockF1 | Mar 1, 2019 | M | 969 | — | A | 19,281 | D | |
| Common Stock | Mar 1, 2019 | F | 304 | $45.55 | D | 18,977 | D | |
| Common StockF1 | Mar 4, 2019 | M | 1,007 | — | A | 19,984 | D | |
| Common Stock | Mar 4, 2019 | F | 316 | $45.66 | D | 19,668 | 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 1, 2019 | M | 1,335 | D | — | — | Common Stock | 1,335 | 0 | D |
| Restricted Stock UnitsF5,F1,F4 | — | Mar 1, 2019 | M | 969 | D | — | — | Common Stock | 969 | 971 | D |
| Restricted Stock UnitsF1,F4 | — | Mar 4, 2019 | M | 1,007 | D | — | — | Common Stock | 1,007 | 2,015 | 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.
- F3Includes 142 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 the first business day in March on or following each of the first three anniversaries of the Grant Date.
- F5Includes 103 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.