SEC Form 4 · accession 0001182489-15-000207
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sara M Longobardi
Officer — Sr Executive Vice President
Period of report
Feb 4, 2015
Accepted (ET)
Feb 4, 2015 · 1:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001378946
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 4, 2015 | M | 6,678 | $12.0223 | A | 88,262 | D | |
| Common StockF2,F1 | Feb 4, 2015 | S | 6,678 | $14.53 | D | 81,584 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Option to Buy | $12.0223 | Feb 4, 2015 | M | 6,678 | D | Feb 1, 2009 | Feb 17, 2015 | Common Stock | 6,678 | 0 | D |
Explanation of responses
- F1Includes 54,721 shares owned indirectly through the People's United Bank 401(k) Plan (including 601 shares acquired through dividend reinvestment). Also includes 3,746 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 37 shares acquired through dividend reinvestment) based on 12/31/15 Plan Statements.
- F2This transaction was executed in multiple trades at prices ranging from $14.53 to $14.531. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request by the SEC staff, People's United Financial, Inc., or a shareholder of People's United Financial, Inc. full information regarding the number of shares and prices at which the transaction was effected.