SEC Form 4 · accession 0001562180-16-001708
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirk W Walters
Officer — Sr Executive Vice President · Director
Period of report
Feb 18, 2016
Accepted (ET)
Feb 19, 2016 · 12:32 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,F2 | Feb 18, 2016 | A | 8,054 | $0.00 | A | 67,442 | D | |
| Common Stock | holding | — | — | — | 237,328 | 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 BuyF3 | $14.565 | Feb 18, 2016 | A | 90,354 | A | — | Feb 18, 2026 | Common Stock | 90,354 | 90,354 | 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 7,113 shares owned indirectly through the Peoples United Bank 401(k) Plan (including 72 shares acquired through dividend reinvestment) and 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%).