SEC Form 4 · accession 0001562180-16-001705
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey J Tengel
Officer — Sr. Executive Vice President
Period of report
Feb 18, 2016
Accepted (ET)
Feb 19, 2016 · 11:32 am 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,F2 | Feb 18, 2016 | A | 9,970 | $0.00 | A | 121,464 | 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 | $14.565 | Feb 18, 2016 | A | 111,854 | A | — | Feb 18, 2026 | Common Stock | 111,854 | 111,854 | D |
Explanation of responses
- F1These are restricted shares that vest in annual increments on 3/1/17 (33 1/3%); 3/1/18 (33 1/3%); and 3/1/19 (33 1/3%).
- F2Includes 1,417 shares owned indirectly through the Peoples United Financial, Inc. Employee Stock Ownership Plan (including 14 shares acquired through dividend reinvestment). Information is based on 12/31/15 Plan statements.
- F3Exercisable in annual increments on 3/1/17 (33 1/3%); 3/1/18 (33 1/3%); and 3/1/19 (33 1/3%).