SEC Form 4 · accession 0001127602-16-066934
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John R Strangfeld Jr.
Officer — Chief Executive Officer · Director · Other
Period of report
Aug 9, 2016
Accepted (ET)
Nov 14, 2016 · 3:54 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 StockF1 | Aug 9, 2016 | G | 6,300 | $0.00 | D | 320,500 | D | |
| Common Stock | Nov 9, 2016 | M | 143,177 | $80.00 | A | 383,677 | D | |
| Common Stock | Nov 9, 2016 | M | 146,315 | $69.03 | A | 529,992 | D | |
| Common StockF2 | Nov 9, 2016 | S | 275,855 | $90.00 | D | 254,137 | D | |
| Common Stock | Nov 10, 2016 | M | 66,310 | $91.73 | A | 320,447 | D | |
| Common StockF2 | Nov 10, 2016 | S | 65,873 | $94.00 | D | 254,574 | D | |
| Common Stock | Nov 10, 2016 | M | 135,136 | $48.36 | A | 389,710 | D | |
| Common StockF2,F3 | Nov 10, 2016 | S | 117,040 | $95.00 | D | 272,670 | D | |
| Common Stock | holding | — | — | — | 1,770 | I | By 401(k) | |
| Common StockF4 | holding | — | — | — | 592 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1/18/08 Employee Stock Option (Right to Buy)F5 | $80.00 | Nov 9, 2016 | M | 143,177 | D | — | Jan 18, 2018 | Common Stock | 143,177 | 0 | D |
| 2/12/08 Employee Stock Option (Right to Buy)F6 | $69.03 | Nov 9, 2016 | M | 146,315 | D | — | Feb 12, 2018 | Common Stock | 146,315 | 0 | D |
| 2/13/07 Employee Stock Option (Right to Buy)F7 | $91.73 | Nov 10, 2016 | M | 66,310 | D | — | Feb 13, 2017 | Common Stock | 66,310 | 0 | D |
| 2010 Employee Stock Option (Right to Buy)F8 | $48.36 | Nov 10, 2016 | M | 135,136 | D | — | Feb 9, 2020 | Common Stock | 135,136 | 0 | D |
Explanation of responses
- F1Gifts to 501(c)(3) charitable foundations.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2016.
- F3Following the transactions reported on this Form 4, Mr. Strangfeld continues to hold 272,670 shares directly and 1,770 shares indirectly in a 401(k) account. Mr. Strangfeld also holds an additional 41,428 deferred compensation shares, 719,142 vested stock options, 207,983 unvested stock options and 101,443 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F4The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
- F5The option vested with 50% after 2 years on 1/18/2010, 25% after year 3 on 1/18/2011, and 25% after year 4 on 1/18/2012.
- F6The option vested in three equal annual installments beginning on February 12, 2009.
- F7The option vested in three equal annual installments beginning on February 13, 2008.
- F8The options vested in three equal annual installments beginning on February 9, 2011.