SEC Form 4 · accession 0001562180-16-003479
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David K Norton
Officer — Sr Ex VP & Chief HR Offcr
Period of report
Nov 14, 2016
Accepted (ET)
Nov 15, 2016 · 12:27 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 Stock | Nov 14, 2016 | M | 101,058 | $12.94 | A | 227,897 | D | |
| Common Stock | Nov 14, 2016 | M | 52,734 | $12.65 | A | 280,631 | D | |
| Common StockF1,F2 | Nov 14, 2016 | S | 153,792 | $18.5454 | D | 126,839 | 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 | $12.94 | Nov 14, 2016 | M | 101,058 | D | — | Feb 21, 2023 | Common Stock | 101,058 | 0 | D |
| Employee Option to BuyF4 | $12.65 | Nov 14, 2016 | M | 52,734 | D | — | Feb 16, 2022 | Common Stock | 52,734 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.30 to $18.76. 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.
- F2Includes 11,300 shares owned indirectly through the People's United Bank 401(k) Plan (including 122 shares acquired through dividend reinvestment). Also includes 1,900 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 21 shares acquired through dividend reinvestment). Information is based on 9/30/2016 Plan statements.
- F3Exercisable in annual increments on 3/1/2014 (33 1/3%); 3/1/2015 (33 1/3%); and 3/1/2016 (33 1/3%).
- F4Exercisable in annual increments on 3/1/2014 (50%); 3/1/2015 (25%); and 3/1/2016 (25%).