SEC Form 4 · accession 0001127602-16-040675
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy P Harris
Officer — EVP and General Counsel
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 4:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137774
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 Employee Stock Option (Right to Buy)F1 | $63.59 | Feb 9, 2016 | A | 25,237 | A | — | Feb 9, 2026 | Common Stock | 25,237 | 25,237 | D |
| 2016 Performance SharesF2,F3 | — | Feb 9, 2016 | A | 8,312 | A | — | — | Common Stock | 8,312 | 8,312 | D |
Explanation of responses
- F1The options vest in three equal annual installments beginning on February 9, 2017.
- F2The performance shares convert to common stock on a 1 to 1 basis.
- F3Represents the target number of shares to be received relative to the Company's average ROE goals for the 2016 through 2018 performance period and relative performance against certain life insurance peer companies. The actual number of shares to be received will be determined by the Compensation Committee in February 2019.