SEC Form 4 · accession 0001127602-15-009951
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Axel
Officer — SVP and Controller
Period of report
Mar 3, 2015
Accepted (ET)
Mar 4, 2015 · 2:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137774
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 3, 2015 | M | 1,551 | $57.00 | A | 2,469 | D | |
| Common Stock | Mar 3, 2015 | M | 1,316 | $59.41 | A | 3,785 | D | |
| Common StockF1,F2 | Mar 3, 2015 | S | 3,785 | $81.23 | D | 0 | D | |
| Common Stock | holding | — | — | — | 779 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 Employee Stock Option (Right to Buy)F3 | $59.41 | Mar 3, 2015 | M | 1,316 | D | — | Feb 14, 2022 | Common Stock | 1,316 | 0 | D |
| 2013 Employee Stock Option (Right to Buy)F4 | $57.00 | Mar 3, 2015 | M | 1,551 | D | — | Feb 12, 2023 | Common Stock | 1,551 | 1,551 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.22 to $81.24, inclusive. The reporting person undertakes to provide to Prudential Financial, Inc., any security holder of Prudential Financial, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2Following the transactions reported on this Form 4, Mr. Axel continues to hold 0 shares directly and 779 shares indirectly in a 401(k) account. Mr. Axel also holds an additional 2,932 vested stock options, 9,034 unvested stock options, 2,757 restricted stock units and 2,779 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3The options vest in three equal annual installments beginning on February 14, 2013.
- F4The options vest in three equal annual installments beginning on February 12, 2014.