SEC Form 4 · accession 0001127602-16-066920
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barbara Koster
Officer — Senior Vice President
Period of report
Nov 9, 2016
Accepted (ET)
Nov 14, 2016 · 3:32 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 | 7,830 | $91.73 | A | 43,829 | D | |
| Common Stock | Nov 9, 2016 | M | 13,506 | $69.03 | A | 57,335 | D | |
| Common StockF1 | Nov 9, 2016 | S | 7,830 | $93.00 | D | 49,505 | D | |
| Common StockF1,F2 | Nov 9, 2016 | S | 13,506 | $90.00 | D | 35,999 | D | |
| Common StockF3 | holding | — | — | — | 1,197 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2/13/07 Employee Stock Option (Right to Buy)F4 | $91.73 | Nov 9, 2016 | M | 7,830 | D | — | Feb 13, 2017 | Common Stock | 7,830 | 0 | D |
| 2/12/08 Employee Stock Option (Right to Buy)F5 | $69.03 | Nov 9, 2016 | M | 13,506 | D | — | Feb 12, 2018 | Common Stock | 13,506 | 0 | 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 May 13, 2016.
- F2Following the transactions reported on this Form 4, Ms. Koster continues to hold 35,999 shares directly and 1,197 shares indirectly in a 401(k) account. Ms. Koster also holds an additional 106,255 vested stock options, 28,419 unvested stock options, and 13,177 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3Amount reported has been adjusted to include 87 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).
- F4The option vested in three equal annual installments beginning on February 13, 2008.
- F5The option vested in three equal annual installments beginning on February 12, 2009.