SEC Form 4 · accession 0001127602-17-007347
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Axel
Officer — SVP and Controller
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 3:51 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 | Feb 16, 2017 | M | 1,003 | $87.45 | A | 3,235 | D | |
| Common Stock | Feb 16, 2017 | M | 3,369 | $78.08 | A | 6,604 | D | |
| Common Stock | Feb 16, 2017 | M | 2,103 | $63.59 | A | 8,707 | D | |
| Common Stock | Feb 16, 2017 | M | 1,386 | $84.53 | A | 10,093 | D | |
| Common Stock | Feb 16, 2017 | M | 1,551 | $57.00 | A | 11,644 | D | |
| Common StockF1 | Feb 16, 2017 | S | 5,861 | $112.04 | D | 5,783 | D | |
| Common Stock | Feb 16, 2017 | S | 2,937 | $112.01 | D | 2,846 | D | |
| Common StockF2 | Feb 16, 2017 | S | 2,015 | $111.97 | D | 831 | D | |
| Common Stock | holding | — | — | — | 961 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3/11/2014 Employee Stock Option (right to buy)F3 | $87.45 | Feb 16, 2017 | M | 1,003 | D | — | Mar 11, 2024 | Common Stock | 1,003 | 502 | D |
| 2015 Employee Stock Option (Right to Buy)F4 | $78.08 | Feb 16, 2017 | M | 3,369 | D | — | Feb 10, 2025 | Common Stock | 3,369 | 1,685 | D |
| 2016 Employee Stock Option (Right to Buy)F5 | $63.59 | Feb 16, 2017 | M | 2,103 | D | — | Feb 9, 2026 | Common Stock | 2,103 | 4,207 | D |
| 2014 Employee Stock Option (Right to Buy)F6 | $84.53 | Feb 16, 2017 | M | 1,386 | D | — | Feb 11, 2024 | Common Stock | 1,386 | 0 | D |
| 2013 Employee Stock Option (Right to Buy)F7 | $57.00 | Feb 16, 2017 | M | 1,551 | D | — | Feb 12, 2023 | Common Stock | 1,551 | 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 $112.04 to $112.06, 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.
- F2Following the transactions reported on this Form 4, Mr. Axel continues to hold 831 shares directly and 961 shares indirectly in a 401(k) account. Mr. Axel also holds an additional 8,419 unvested stock options and 5,468 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3The options vest in three equal annual installments beginning on March 11, 2015.
- F4The options vest in three equal annual installments beginning on February 10, 2016.
- F5The options vest in three equal annual installments beginning on February 9, 2017.
- F6The options vest in three equal annual installments beginning on February 11, 2015.
- F7The options vest in three equal annual installments beginning on February 12, 2014.