SEC Form 4 · accession 0001127602-17-017486
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles F Lowrey
Officer — Executive Vice President
Period of report
May 8, 2017
Accepted (ET)
May 10, 2017 · 2:14 pm EDT
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 | May 8, 2017 | M | 105,264 | $59.41 | A | 151,418 | D | |
| Common Stock | May 8, 2017 | M | 130,814 | $57.00 | A | 282,232 | D | |
| Common StockF1,F2,F3 | May 8, 2017 | S | 222,857 | $108.04 | D | 59,375 | D | |
| Common StockF4 | holding | — | — | — | 205 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 Employee Stock Option (Right to Buy)F5 | $59.41 | May 8, 2017 | M | 105,264 | D | — | Feb 14, 2022 | Common Stock | 105,264 | 0 | D |
| 2013 Employee Stock Option (Right to Buy)F6 | $57.00 | May 8, 2017 | M | 130,814 | D | — | Feb 12, 2023 | Common Stock | 130,814 | 0 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 16, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.80 to $108.61, 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. Lowrey continues to hold 59,375 shares directly and 205 shares indirectly in a 401(k) account. Mr. Lowrey also holds an additional 89,259 vested stock options, 91,924 unvested stock options, and 50,389 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F4Amount reported has been adjusted to include 1 share of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2016 and March 31, 2017 based on a plan statement dated March 31, 2017. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
- F5The options vest in three equal annual installments beginning on February 14, 2013.
- F6The options vest in three equal annual installments beginning on February 12, 2014.