SEC Form 4 · accession 0001127602-16-066579
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas C Silitch
Officer — Senior Vice President
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 4:15 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 7, 2016 | M | 24,763 | $55.56 | A | 32,436 | D | |
| Common Stock | Nov 7, 2016 | M | 31,977 | $57.00 | A | 64,413 | D | |
| Common StockF1 | Nov 7, 2016 | S | 24,763 | $88.38 | D | 39,650 | D | |
| Common StockF2,F3 | Nov 7, 2016 | S | 27,430 | $88.32 | D | 12,220 | D | |
| Common StockF4 | holding | — | — | — | 358 | 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)F5 | $55.56 | Nov 7, 2016 | M | 24,763 | D | — | Sep 15, 2020 | Common Stock | 24,763 | 0 | D |
| 2013 Employee Stock Option (Right to Buy)F6 | $57.00 | Nov 7, 2016 | M | 31,977 | D | — | Feb 12, 2023 | Common Stock | 31,977 | 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 $88.14 to $88.63 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.07 to $88.54 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 2 to this Form 4.
- F3Following the transactions reported on this Form 4, Mr. Silitch continues to hold 12,220 shares directly and 358 shares indirectly in a 401(k) account. Mr. Silitch also holds an additional 32,313 vested stock options, 54,656 unvested stock options, and 25,389 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F4Amount reported has been adjusted to include 78 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2015 and September 30, 2016 based on a plan statement dated September 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).
- F5The options vested in three equal annual installments beginning on September 15, 2011.
- F6The options vest in three equal annual installments beginning on February 12, 2014.