SEC Form 4 · accession 0001562180-16-003462
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee C Powlus
Officer — Sr Ex VP & Chief Admin Officer
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 11:41 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 | Nov 10, 2016 | M | 26,442 | $12.65 | A | 117,445 | D | |
| Common StockF2,F1 | Nov 10, 2016 | S | 26,442 | $17.92 | D | 91,003 | 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 | $12.65 | Nov 10, 2016 | M | 26,442 | D | — | Feb 16, 2022 | Common Stock | 26,442 | 26,442 | D |
Explanation of responses
- F1Includes 1,668 shares owned indirectly through the People's United Bank 401(k) Plan (including 18 shares acquired through dividend reinvestment) and 2,738 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 29 shares acquired through dividend reinvestment). Information is based on 9/30/2016 Plan statements.
- F2This transaction was executed in multiple trades at prices ranging from $17.90 to $17.94. 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 3/1/2014 (50%); 3/1/2015 (25%); and 3/1/2016 (25%).