SEC Form 4 · accession 0001562180-16-003480
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
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 | 20,555 | $15.80 | A | 46,499 | D | |
| Common Stock | Nov 14, 2016 | M | 20,891 | $16.575 | A | 67,390 | D | |
| Common Stock | Nov 14, 2016 | M | 4,124 | $16.93 | A | 71,514 | D | |
| Common Stock | Nov 14, 2016 | M | 2,956 | $16.93 | A | 74,470 | D | |
| Common Stock | Nov 14, 2016 | M | 7,550 | $16.94 | A | 82,020 | D | |
| Common Stock | Nov 14, 2016 | M | 3,517 | $16.94 | A | 85,537 | D | |
| Common StockF1,F2 | Nov 14, 2016 | S | 59,593 | $18.6934 | D | 25,944 | D | |
| Common Stock | holding | — | — | — | 61,506 | 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 | $15.80 | Nov 14, 2016 | M | 20,555 | D | — | Jan 28, 2020 | Common Stock | 20,555 | 0 | D |
| Employee Option to BuyF4 | $16.575 | Nov 14, 2016 | M | 20,891 | D | — | Jan 22, 2019 | Common Stock | 20,891 | 0 | D |
| Employee Option to BuyF5 | $16.93 | Nov 14, 2016 | M | 4,124 | D | — | Nov 20, 2018 | Common Stock | 4,124 | 2,956 | D |
| Employee Option to BuyF5 | $16.93 | Nov 14, 2016 | M | 2,956 | D | — | Nov 20, 2018 | Common Stock | 2,956 | 0 | D |
| Employee Option to BuyF6 | $16.94 | Nov 14, 2016 | M | 7,550 | D | — | Feb 21, 2018 | Common Stock | 7,550 | 0 | D |
| Employee Option to BuyF6 | $16.94 | Nov 14, 2016 | M | 3,517 | D | — | Feb 21, 2018 | Common Stock | 3,517 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.64 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 4,331 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 47 shares acquired through dividend reinvestment) based on 9/30/2016 Plan statement.
- F3Exercisable in annual increments on 1/25/2012 (50%); 1/25/2013 (25%); and 1/25/2014 (25%).
- F4Exercisable in annual increments on 2/01/11 (50%); 2/01/12 (25%); and 2/01/13 (25%).
- F5Exercisable in annual increments on 11/20/2010 (50%); 11/20/2011 (25%); and 11/20/2012 (25%).
- F6Exercisable in annual increments on 2/01/2010 (50%); 2/01/2011 (25%); and 2/01/2012 (25%).