SEC Form 4 · accession 0001225208-15-013342
REGIONS FINANCIAL CORP · RF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Horton
Officer — SEVP
Period of report
Jun 1, 2015
Accepted (ET)
Jun 3, 2015 · 6:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001281761
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 1, 2015 | M | 27,347 | $0.00 | A | 53,602 | D | |
| Common StockF2 | Jun 1, 2015 | M | 18,800 | $0.00 | A | 72,402 | D | |
| Common StockF3 | Jun 1, 2015 | F | 397 | $6.61 | D | 72,005 | D | |
| Common Stock | Jun 1, 2015 | F | 14,167 | $9.98 | D | 57,838 | D | |
| Common StockF4 | holding | — | — | — | 13,683 | I | By 401(k) | |
| Common Stock (phantom stock)F4 | holding | — | — | — | 5,734 | I | Indirect - By 401 (k) Supplemental Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock Units - 2012F2 | — | Jun 1, 2015 | M | 13,673 | D | — | — | Common Stock | 18,800 | 0 | D |
| Restricted Stock UnitsF1 | $0.00 | Jun 1, 2015 | M | 27,347 | D | — | — | Common Stock | 27,347 | 51,630 | D |
Explanation of responses
- F1The restricted stock units vested and were settled in shares of common stock on a 1-for-1 basis on June 1, 2015.
- F2The performance stock units vested and were settled in shares of common stock on June 1, 2015, at the conversion rate of 1.375 shares of common stock for each unit, based on the level of company achievement of performance goals during the performance period from January 1, 2012, through December 31, 2014. For more information, please see the Current Report on Form 8-K filed by Regions Financial Corporation on May 25, 2012.
- F3Valued as of the date that certain tax obligations became fixed in accordance with I.R.S. requirements.
- F4Expressed as ownership units in the plan's unitized employer stock fund, which is managed such that each unit is intended to approximate the economic value of one share of common stock.