SEC Form 4 · accession 0001562180-16-003524
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George P Carter
Director
Period of report
Nov 15, 2016
Accepted (ET)
Nov 16, 2016 · 1:13 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 15, 2016 | M | 236,679 | $17.085 | A | 469,577 | D | |
| Common StockF1 | Nov 15, 2016 | S | 236,679 | $18.53 | D | 232,898 | 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 BuyF2 | $17.085 | Nov 15, 2016 | M | 236,679 | D | — | Dec 7, 2017 | Common Stock | 236,679 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.525 to $18.565. 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.
- F2Exercisable in annual increments of 20% over the course of five years, beginning on the first anniversary of the date of the grant.