SEC Form 4 · accession 0001562180-16-003483
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark W Richards
Director
Period of report
Nov 14, 2016
Accepted (ET)
Nov 15, 2016 · 12:49 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 | 53,464 | $15.66 | A | 358,750 | D | |
| Common StockF1,F2 | Nov 14, 2016 | S | 53,464 | $18.43 | D | 305,286 | D | |
| Common Stock | holding | — | — | — | 4,768 | I | By Daughter | |
| Series A Nonconvertible Perpetual Preferred Stock | holding | — | — | — | 8,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Option to BuyF3 | $15.66 | Nov 14, 2016 | M | 53,464 | D | — | Jan 17, 2018 | Common Stock | 53,464 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.39 to $18.49. 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 144,668 investment units accrued under the Chittenden Corporation Deferred Compensation Plan (including 1,560 units accrued due to the deemed reinvestment of dividend equivalents). Each investment unit corresponds to one share of common stock.
- F3Exercisable in annual increments of 20% over the course of five years, beginning on the first anniversary of the date of the grant.