SEC Form 4 · accession 0001127602-15-030415
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Strangfeld Jr.
Officer — Chief Executive Officer · Director · Other
Period of report
Nov 3, 2015
Accepted (ET)
Nov 5, 2015 · 4:02 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 | Nov 3, 2015 | M | 71,628 | $76.15 | A | 377,316 | D | |
| Common StockF1,F2 | Nov 3, 2015 | S | 70,026 | $85.00 | D | 307,290 | D | |
| Common StockF3 | holding | — | — | — | 1,648 | I | By 401(k) | |
| Common StockF4 | holding | — | — | — | 579 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2/14/06 Employee Stock Option (Right to Buy)F5 | $76.15 | Nov 3, 2015 | M | 71,628 | D | — | Feb 14, 2016 | Common Stock | 71,628 | 0 | D |
Explanation of responses
- F1The Sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2015.
- F2Following the transactions reported on this Form 4, Mr. Strangfeld continues to hold 307,290 shares directly and 1,648 shares indirectly in a 401(k) account. Mr. Strangfeld also holds an additional 1,074,550 vested stock options, 217,330 unvested stock options, and 89,456 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3Amount reported has been adjusted to include 24 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between March 31, 2015 and September 30, 2015 based on a plan statement dated September 30, 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 reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F5The option vests in three equal annual installments beginning on February 14, 2007.