SEC Form 4 · accession 0001127602-16-062461
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sharon C Taylor
Officer — Senior Vice President
Period of report
Sep 9, 2016
Accepted (ET)
Sep 13, 2016 · 3:54 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 | Sep 9, 2016 | M | 7,537 | $48.36 | A | 67,251 | D | |
| Common Stock | Sep 9, 2016 | M | 6,689 | $59.41 | A | 73,940 | D | |
| Common StockF1,F2 | Sep 9, 2016 | S | 13,039 | $80.01 | D | 60,901 | D | |
| Common StockF3 | holding | — | — | — | 1,719 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 Employee Stock Option (Right to Buy)F4 | $48.36 | Sep 9, 2016 | M | 7,537 | D | — | Feb 9, 2020 | Common Stock | 7,537 | 7,536 | D |
| 2012 Employee Stock Option (Right to Buy)F5 | $59.41 | Sep 9, 2016 | M | 6,689 | D | — | Feb 14, 2022 | Common Stock | 6,689 | 16,996 | 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 $80.00 to $80.02, 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, Ms. Taylor continues to hold 60,901 shares directly and 1,719 shares indirectly in a 401(k) account. Ms. Taylor also holds an additional 119,123 vested stock options, 38,449 unvested stock options, and 18,296 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3Amount reported has been adjusted to include 107 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2015 and June 30, 2016 based on a plan statement dated June 30, 2016. 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 9, 2011.
- F5The options vest in three equal annual installments beginning on February 14, 2013.