SEC Form 4 · accession 0001562180-15-000495
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirk W Walters
Officer — Sr Ex VP & Chief Fin'l Officer · Director
Period of report
Jun 17, 2015
Accepted (ET)
Jun 18, 2015 · 4:04 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 17, 2015 | M | 383,982 | $12.30 | A | 443,109 | D | |
| Common StockF1 | Jun 17, 2015 | S | 353,982 | $16.0763 | D | 89,127 | D | |
| Common StockF2,F3 | Jun 17, 2015 | S | 30,000 | $16.0979 | D | 59,127 | D | |
| Common Stock | holding | — | — | — | 241,949 | I | By Gus & Bonnie, LLC |
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 BuyF4 | $12.30 | Jun 17, 2015 | M | 353,982 | D | — | Mar 17, 2021 | Common Stock | 353,982 | 0 | D |
| Employee Option to BuyF5 | $12.30 | Jun 17, 2015 | M | 30,000 | D | — | Mar 17, 2021 | Common Stock | 30,000 | 50,000 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $15.98 to $16.14. The reported price reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, Peoples United Financial, Inc. or a shareholder of Peoples United Financial, Inc. full information regarding the number of shares and prices at which the transaction was effected.
- F2This transaction was executed in multiple trades at prices ranging from $15.99 to $16.17. The reported price reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, Peoples United Financial, Inc. or a shareholder of Peoples United Financial, Inc. full information regarding the number of shares and prices at which the transaction was effected.
- F3Includes 6,895 shares owned indirectly through the Peoples United Bank 401(k) Plan (including 75 shares acquired through dividend reinvestment) and 1,374 shares owned indirectly through the Peoples United Financial, Inc. Employee Stock Ownership Plan (including 15 shares acquired through dividend reinvestment). Information is based on 3/31/15 Plan statements.
- F4Exercisable in annual increments on 3/17/12 (33 1/3%); 3/17/13 (33 1/3%); and 3/17/14 (33 1/3%).
- F5Exercisable in annual increments on 3/1/13 (50%); 3/1/14 (25%); and 3/1/15 (25%).