SEC Form 4 · accession 0001127602-17-025451
PRUDENTIAL FINANCIAL INC · PRU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas C Silitch
Officer — Senior Vice President
Period of report
Aug 9, 2017
Accepted (ET)
Aug 11, 2017 · 11:56 am 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 9, 2017 | M | 5,334 | $64.01 | A | 21,274 | D | |
| Common Stock | Aug 9, 2017 | M | 6,579 | $59.41 | A | 27,853 | D | |
| Common Stock | Aug 9, 2017 | M | 2,984 | $51.58 | A | 30,837 | D | |
| Common StockF1 | Aug 9, 2017 | S | 14,897 | $110.00 | D | 15,940 | D | |
| Common StockF2,F3 | Aug 9, 2017 | G | 1,001 | $0.00 | D | 14,939 | D | |
| Common StockF4 | holding | — | — | — | 364 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2011 Employee Stock Option (Right to Buy)F5 | $64.01 | Aug 9, 2017 | M | 5,334 | D | — | Feb 8, 2021 | Common Stock | 5,334 | 0 | D |
| 2012 Employee Stock Option (Right to Buy)F6 | $59.41 | Aug 9, 2017 | M | 6,579 | D | — | Feb 14, 2022 | Common Stock | 6,579 | 0 | D |
| 5/8/2012 Employee Stock Option (Right to Buy)F7 | $51.58 | Aug 9, 2017 | M | 2,984 | D | — | May 8, 2022 | Common Stock | 2,984 | 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 $109.69 to $110.57 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.
- F2Gifts to 501(c)(3) charitable foundations.
- F3Following the transactions reported on this Form 4, Mr. Silitch continues to hold 14,939 shares directly and 364 shares indirectly in a 401(k) account. Mr. Silitch also holds an additional 41,441 vested stock options, 40,201 unvested stock options, and 27,692 target performance shares (the exact number awarded being dependent on achievement of performance goals).
- F4Amount reported has been adjusted to include 5 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).
- F5The options vest in three equal annual installments beginning on February 8, 2012.
- F6The options vest in three equal annual installments beginning on February 14, 2013.
- F7The options vest in three equal annual installments beginning on May 8, 2013.