SEC Form 4 · accession 0001127602-16-066915
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Falzon
Officer — EVP and CFO
Period of report
Nov 9, 2016
Accepted (ET)
Nov 14, 2016 · 3:26 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 9, 2016 | M | 15,007 | $84.53 | A | 51,776 | D | |
| Common StockF1,F2 | Nov 9, 2016 | S | 14,695 | $90.00 | D | 37,081 | D | |
| Common Stock | holding | — | — | — | 576 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 Employee Stock Option (Right to Buy)F3 | $84.53 | Nov 9, 2016 | M | 15,007 | D | — | Feb 11, 2024 | Common Stock | 15,007 | 7,504 | 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 9, 2016.
- F2Following the transactions reported on this Form 4, Mr. Falzon continues to hold 37,081 shares directly and 576 shares indirectly in a 401(k) account. Mr. Falzon also holds an additional 78,191 unvested stock options and 36,401 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3The options vested in three equal annual installments beginning on February 11, 2015.