SEC Form 4 · accession 0001127602-18-007714

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 20, 2018

Accepted (ET)

Feb 22, 2018 · 3:37 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 20, 2018	M	13,475	$78.08	A	30,318	D
Common Stock	Feb 20, 2018	M	18,928	$63.59	A	49,246	D
Common Stock^F1,F2	Feb 20, 2018	S	6,469	$108.71	D	42,777	D
Common Stock^F1,F3	Feb 20, 2018	S	7,034	$108.88	D	35,743	D
Common Stock^F1,F4	Feb 20, 2018	S	22,200	$108.44	D	13,543	D
Common Stock^F5	Feb 21, 2018	S	5,026	$110.02	D	8,517	D
Common Stock	holding	—	—		—	597	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
2015 Employee Stock Option (Right to Buy)^F6	$78.08	Feb 20, 2018	M	13,475	D	—	Feb 10, 2025	Common Stock	13,475	0	D
2016 Employee Stock Option (Right to Buy)^F7	$63.59	Feb 20, 2018	M	18,928	D	—	Feb 9, 2026	Common Stock	18,928	18,928	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 November 13, 2017.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.27 to $109.07, 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.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.78 to $109.08, 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 (3) to this Form 4.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.96 to $108.77, 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 (4) to this Form 4.
F5Following the transaction reported on this Form 4, Mr. Pelletier continues to hold 8,517 shares directly and 597 shares indirectly in a 401(k) account. Mr. Pelletier also holds an additional 11,041 vested stock options, 71,897 unvested stock options, 32,697 deferred compensation shares, and 43,194 target performance shares (the exact number awarded being dependent on achievement of performance goals).
F6The options vest in three equal annual installments beginning on February 10, 2016.
F7The options vest in three equal annual installments beginning on February 9, 2017.