SEC Form 4 · accession 0001127602-17-008859
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard F Lambert
Officer — Senior Vice President
Period of report
Feb 27, 2017
Accepted (ET)
Feb 28, 2017 · 1:03 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 27, 2017 | M | 3,816 | $59.41 | A | 15,481 | D | |
| Common Stock | Feb 27, 2017 | M | 2,911 | $48.36 | A | 18,392 | D | |
| Common Stock | Feb 27, 2017 | M | 1,313 | $51.58 | A | 19,705 | D | |
| Common Stock | Feb 27, 2017 | M | 9,448 | $57.00 | A | 29,153 | D | |
| Common StockF1 | Feb 27, 2017 | S | 6,727 | $110.62 | D | 22,426 | D | |
| Common StockF2,F3 | Feb 27, 2017 | S | 7,589 | $110.54 | D | 14,837 | D | |
| Common Stock | holding | — | — | — | 5,521 | I | By 401(k) | |
| Common StockF4 | holding | — | — | — | 72 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 Employee Stock Option (Right to Buy)F5 | $59.41 | Feb 27, 2017 | M | 3,816 | D | — | Feb 14, 2022 | Common Stock | 3,816 | 0 | D |
| 2010 Employee Stock Option (Right to Buy)F6 | $48.36 | Feb 27, 2017 | M | 2,911 | D | — | Feb 9, 2020 | Common Stock | 2,911 | 0 | D |
| 5/8/2012 Employee Stock Option (Right to Buy)F7 | $51.58 | Feb 27, 2017 | M | 1,313 | D | — | May 8, 2022 | Common Stock | 1,313 | 0 | D |
| 2013 Employee Stock Option (Right to Buy)F8 | $57.00 | Feb 27, 2017 | M | 9,448 | D | — | Feb 12, 2023 | Common Stock | 9,448 | 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 $110.62 to $110.623, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.530 to $110.547, 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 (2) to this Form 4.
- F3Following the transactions reported on this Form 4, Mr. Lambert continues to hold 14,837 shares directly and 5,521 shares indirectly in a 401(k) account. Mr. Lambert also holds an additional 29,481 vested stock options, 23,194 unvested stock options, and 15,977 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 options vest in three equal annual installments beginning on February 14, 2013.
- F6The options vest in three equal annual installments beginning on February 9, 2011.
- F7The options vest in three equal annual installments beginning on May 8, 2013.
- F8The options vest in three equal annual installments beginning on February 12, 2014.