SEC Form 4 · accession 0001562180-16-002913
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
Aug 5, 2016
Accepted (ET)
Aug 8, 2016 · 4:45 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 StockF1 | Aug 5, 2016 | M | 86,864 | $13.9025 | A | 112,761 | D | |
| Common StockF1 | Aug 5, 2016 | M | 11,455 | $12.65 | A | 124,216 | D | |
| Common StockF1 | Aug 5, 2016 | M | 87,804 | $12.94 | A | 212,020 | D | |
| Common StockF2,F1 | Aug 5, 2016 | S | 186,123 | $15.38 | D | 25,897 | D | |
| Common Stock | holding | — | — | — | 71,506 | I | Robert Edward Trautmann Revocable Trust |
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 | $13.9025 | Aug 5, 2016 | M | 86,864 | D | — | Feb 20, 2024 | Common Stock | 86,864 | 43,433 | D |
| Employee Option to BuyF4 | $12.65 | Aug 5, 2016 | M | 11,455 | D | — | Feb 16, 2022 | Common Stock | 11,455 | 0 | D |
| Employee Option to BuyF5 | $12.94 | Aug 5, 2016 | M | 87,804 | D | — | Feb 21, 2023 | Common Stock | 87,804 | 0 | D |
Explanation of responses
- F1Includes 4,284 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 48 shares acquired through dividend reinvestment) based on 6/30/2016 Plan statement.
- F2This transaction was executed in multiple trades at prices ranging from $15.37 to $15.41. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request by the SEC staff, People's United Financial, Inc. or a shareholder of People's United Financial, Inc. full information regarding the number of shares and prices at which the transaction was effected.
- F3Exercisable in annual increments on 3/01/15 (50%); 3/01/16 (25%); and 3/01/17 (25%).
- F4Exercisable in annual increments on 3/01/16 (50%); 3/01/17 (25%); and 3/01/18 (25%).
- F5Exercisable in annual increments on 3/01/14 (50%); 3/01/15 (25%); and 3/01/16 (35%).