SEC Form 4 · accession 0001127602-17-025331
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
Aug 7, 2017
Accepted (ET)
Aug 9, 2017 · 2:16 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 | Aug 7, 2017 | M | 4,455 | $81.17 | A | 10,924 | D | |
| Common StockF1,F2 | Aug 7, 2017 | S | 4,133 | $112.18 | D | 6,791 | D | |
| Common StockF3 | holding | — | — | — | 590 | 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)F4 | $81.17 | Aug 7, 2017 | M | 4,455 | D | — | Apr 7, 2024 | Common Stock | 4,455 | 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 May 8, 2017.
- F2Following the transaction reported on this Form 4, Mr. Pelletier continues to hold 6,791 shares directly and 590 shares indirectly in a 401(k) account. Mr. Pelletier also holds an additional 32,267 deferred compensation shares, 84,456 unvested stock options, and 46,103 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F3Amount reported has been adjusted to include 8 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2016 and June 30, 2017 based on a plan statement dated June 30, 2017. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
- F4The options vest in three equal annual installments beginning April 7, 2015.