SEC Form 4 · accession 0001127602-15-017277
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Falzon
Officer — EVP and CFO
Period of report
May 12, 2015
Accepted (ET)
May 14, 2015 · 4:33 pm EDT
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 | May 12, 2015 | M | 4,386 | $59.41 | A | 27,988 | D | |
| Common StockF1,F2 | May 12, 2015 | S | 3,681 | $86.41 | D | 24,307 | D | |
| Common StockF3 | holding | — | — | — | 490 | 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)F4 | $59.41 | May 12, 2015 | M | 4,386 | D | — | Feb 14, 2022 | Common Stock | 4,386 | 0 | 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 $86.411 to $86.417 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. Falzon continues to hold 24,307 shares directly and 490 shares indirectly in a 401(k) account. Mr. Falzon also holds an additional 26,883 vested stock options, 64,707 unvested stock options and 26,736 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3Amount reported has been adjusted to include 37 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2014 and March 31, 2015 based on a plan statement dated March 31, 2015. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
- F4The options vest in three equal annual installments beginning on February 14, 2013.