SEC Form 4 · accession 0001562180-15-000592
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Trautmann
Officer — Sr Ex VP, Gen Cnsl & Secretary
Period of report
Jul 22, 2015
Accepted (ET)
Jul 23, 2015 · 10:30 am 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 StockF1 | Jul 22, 2015 | M | 2,646 | $14.9119 | A | 104,708 | D | |
| Common StockF1 | Jul 22, 2015 | M | 9,829 | $13.045 | A | 114,537 | D | |
| Common StockF1 | Jul 22, 2015 | M | 37,452 | $13.415 | A | 151,989 | D | |
| Common StockF1 | Jul 22, 2015 | M | 34,363 | $12.65 | A | 186,352 | D | |
| Common StockF2,F1 | Jul 22, 2015 | M | 84,290 | $16.31 | D | 102,062 | 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 BuyF3 | $14.9119 | Jul 22, 2015 | M | 2,646 | D | — | Feb 16, 2016 | Common Stock | 2,646 | 0 | D |
| Employee Option to BuyF4 | $13.045 | Jul 22, 2015 | M | 9,829 | D | — | Sep 16, 2020 | Common Stock | 9,829 | 0 | D |
| Employee Option to BuyF5 | $13.415 | Jul 22, 2015 | M | 37,452 | D | — | Feb 17, 2021 | Common Stock | 37,452 | 0 | D |
| Employee Option to BuyF6 | $12.65 | Jul 22, 2015 | M | 34,363 | D | — | Feb 16, 2022 | Common Stock | 34,363 | 11,455 | D |
Explanation of responses
- F1Includes 5,991 shares owned indirectly through the Peoples United Bank 401(k) Plan (including 65 shares acquired through dividend reinvestment). Also includes 3,803 shares owned indirectly through the Peoples United Financial, Inc. Employee Stock Ownership Plan (including 41 shares acquired through dividend reinvestment) based on 06/30/2015 Plan Statement.
- F2This transaction was executed in multiple trades at prices ranging from $16.29 to $16.335. The reported price reflects the weighted average sale 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.
- F3Exercisable in annual increments on 2/1/08 (50%); 2/1/09 (25%); and 2/1/10 (25%).
- F4Exercisable in annual increments on 9/16/12 (50%); 9/16/13 (25%); and 9/16/14 (25%).
- F5Exercisable in annual increments on 3/1/13 (50%); 3/1/14 (25%); and 3/1/15 (25%).
- F6Exercisable in annual increments on 3/1/14 (50%); 3/1/15 (25%); and 3/1/16 (25%).