SEC Form 4 · accession 0001127602-17-007353
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Pelletier
Officer — Executive Vice President
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 3:55 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 | 8,909 | $81.17 | A | 18,938 | D | |
| Common Stock | Feb 16, 2017 | M | 18,927 | $63.59 | A | 37,865 | D | |
| Common Stock | Feb 16, 2017 | M | 26,950 | $78.08 | A | 64,815 | D | |
| Common Stock | Feb 16, 2017 | M | 12,988 | $84.53 | A | 77,803 | D | |
| Common StockF1,F2 | Feb 16, 2017 | S | 71,334 | $112.02 | D | 6,469 | D | |
| Common Stock | holding | — | — | — | 582 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4/7/2014 Employee Stock Option (Right to Buy)F3 | $81.17 | Feb 16, 2017 | M | 8,909 | D | — | Apr 7, 2024 | Common Stock | 8,909 | 4,455 | D |
| 2016 Employee Stock Option (Right to Buy)F4 | $63.59 | Feb 16, 2017 | M | 18,927 | D | — | Feb 9, 2026 | Common Stock | 18,927 | 37,856 | D |
| 2015 Employee Stock Option (Right to Buy)F5 | $78.08 | Feb 16, 2017 | M | 26,950 | D | — | Feb 10, 2025 | Common Stock | 26,950 | 13,475 | D |
| 2014 Employee Stock Option (Right to Buy)F6 | $84.53 | Feb 16, 2017 | M | 12,988 | D | — | Feb 11, 2024 | Common Stock | 12,988 | 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 $111.88 to $112.11, 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 transaction reported on this Form 4, Mr. Pelletier continues to hold 6,469 shares directly and 582 shares indirectly in a 401(k) account. Mr. Pelletier also holds an additional 31,847 deferred compensation shares, 88,911 unvested stock options, and 46,103 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3The options vest in three equal annual installments beginning April 7, 2015.
- F4The options vest in three equal annual installments beginning on February 9, 2017.
- F5The options vest in three equal annual installments beginning on February 10, 2016.
- F6The options vest in three equal annual installments beginning on February 11, 2015.