SEC Form 4 · accession 0001127602-16-051961
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Constance J Horner
Director
Period of report
May 10, 2016
Accepted (ET)
May 12, 2016 · 4:20 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 10, 2016 | M | 8,242 | $0.00 | A | 14,963 | D | |
| Common Stock | May 10, 2016 | D | 8,242 | $77.16 | D | 6,721 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notional Shares - OptionalF1,F2 | $0.00 | May 10, 2016 | M | 6,447 | D | — | — | Common Stock | 6,447 | 0 | D |
| 2015 Restricted Stock UnitsF3,F4 | $0.00 | May 10, 2016 | M | 1,795 | D | — | — | Common Stock | 1,795 | 0 | D |
Explanation of responses
- F1Each notional share - optional represents a deferred stock unit and entitles the holder thereof with the right to receive one share of Issuer common stock or the cash value thereof under the Issuer's deferred compensation plan for non-employee directors.
- F2Such shares are payable in common stock or cash, at the election of the reporting person, with payment to begin, at the election of the reporting person provided that such date shall be at least two (2) years after the end of the plan year with respect to which such elective deferrals relate. The reporting person may transfer his investment in the notional shares - optional to an alternative investment account, subject to the terms of the Issuer's deferred compensation plan for non-employee directors.
- F3Each restricted stock unit represents a contingent right to receive one share of PRU common stock or the economic equivalent thereof. The restricted stock units become payable, in PRU common stock or in cash, at the election of the reporting person, upon or following the reporting person's termination of service as a Director unless the reporting person elects an earlier date pursuant to the terms of the Prudential Financial, Inc. 2011 Deferred Compensation Plan for Non-Employee Directors.
- F4The restricted stock units vest the earlier of the annual meeting or in one year on May 10, 2016.