SEC Form 4 · accession 0001562180-15-000493
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Hoyt
Officer — Controller
Period of report
Jun 16, 2015
Accepted (ET)
Jun 18, 2015 · 1:12 pm EDT
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 Stock | Jun 16, 2015 | M | 32,850 | $15.62 | A | 55,142 | D | |
| Common Stock | Jun 16, 2015 | M | 6,028 | $15.80 | A | 61,170 | D | |
| Common Stock | Jun 16, 2015 | M | 9,010 | $13.415 | A | 70,180 | D | |
| Common Stock | Jun 16, 2015 | M | 9,726 | $12.65 | A | 79,906 | D | |
| Common Stock | Jun 16, 2015 | M | 16,567 | $12.94 | A | 96,473 | D | |
| Common Stock | Jun 16, 2015 | M | 12,292 | $13.9025 | A | 108,765 | D | |
| Common Stock | Jun 16, 2015 | M | 1,368 | $14.12 | A | 110,133 | D | |
| Common StockF1 | Jun 16, 2015 | S | 87,841 | $16.1113 | D | 22,292 | 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 BuyF2 | $15.62 | Jun 16, 2015 | M | 32,850 | D | — | Jul 16, 2019 | Common Stock | 32,850 | 0 | D |
| Employee Option to BuyF3 | $15.80 | Jun 16, 2015 | M | 6,028 | D | — | Jan 28, 2020 | Common Stock | 6,028 | 0 | D |
| Employee Option to BuyF4 | $13.415 | Jun 16, 2015 | M | 9,010 | D | — | Feb 17, 2021 | Common Stock | 9,010 | 0 | D |
| Employee Option to BuyF5 | $12.65 | Jun 16, 2016 | M | 9,726 | D | — | Feb 16, 2022 | Common Stock | 9,726 | 3,242 | D |
| Employee Option to BuyF6 | $12.94 | Jun 16, 2015 | M | 16,567 | D | — | Feb 21, 2023 | Common Stock | 16,567 | 8,284 | D |
| Employee Option to BuyF7 | $13.9025 | Jun 16, 2015 | M | 12,292 | D | — | Feb 20, 2024 | Common Stock | 12,292 | 24,585 | D |
| Employee Option to BuyF8 | $14.12 | Jun 16, 2015 | M | 1,368 | D | — | May 15, 2024 | Common Stock | 1,368 | 2,737 | D |
Explanation of responses
- F1Includes 2,330 shares owned indirectly through the Peoples United Financial, Inc. Employee Stock Ownership Plan (including 25 shares acquired through dividend reinvestment). Information is based on the 03/31/15 Plan statement.
- F2Exercisable in annual increments of 20% over the course of five years, beginning on the first anniversary of the date of the grant (7/16/2010).
- F3Exercisable in annual increments on 1/25/12 (50%); 1/25/13 (25%); and 1/25/14 (25%).
- F4Exercisable in annual increments on 3/1/13 (50%); 3/1/14 (25%); and 3/1/15 (25%).
- F5Exercisable in annual increments on 3/1/14 (50%); 3/1/15 (25%); and 3/1/16 (25%).
- F6Exercisable in annual increments on 3/1/14 (33 1/3%); 3/1/15 (33 1/3%); and 3/1/16 (33 1/3%)
- F7Exercisable in annual increments on 3/1/15 (33 1/3%); 3/1/16 (33 1/3%); and 3/1/17 (33 1/3%).
- F8Exercisable in annual increments on 6/1/15 (33 1/3%); 6/1/16 (33 1/3%); and 6/1/17 (33 1/3%).