SEC Form 4 · accession 0001127602-16-070378
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gilbert F Casellas
Director
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 2:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137774
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notional Shares - MandatoryF1,F2 | $0.00 | Dec 15, 2016 | A | 180 | A | — | — | Common Stock | 180 | 27,751 | D |
| 2016 Restricted Stock UnitsF3,F4 | $0.00 | Dec 15, 2016 | A | 12 | A | — | — | Common Stock | 12 | 1,993 | D |
Explanation of responses
- F1Each notional share - mandatory represents a deferred stock unit and entitles the holder thereof with the right to receive one share of Issuer common stock under the Issuer's deferred compensation plan for non-employee directors.
- F2Such shares are issuable, at the election of the reporting person, to begin on either (i) a date prior to the reporting person's retirement date, provided that such date is no earlier than the January 1 in the year following the plan period during which such fees would otherwise have been payable to the reporting person, (ii) within 90 days following the reporting person's retirement date, or (iii) such later date as selected by the reporting person, provided however, that payment must commence in the year the reporting person attains age 70 1/2.
- F3Each restricted stock unit represents a contingent right to receive the economic equivalent of one share of PRU common stock.
- F4The restricted stock units vest the earlier of the annual meeting or in one year on May 10, 2017.