SEC Form 4 · accession 0001562180-16-003566
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Hoyt
Officer — Chief Accounting Officer
Period of report
Nov 17, 2016
Accepted (ET)
Nov 18, 2016 · 11:47 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 Stock | Nov 17, 2016 | M | 1,600 | $16.61 | A | 24,588 | D | |
| Common Stock | Nov 17, 2016 | M | 2,200 | $16.61 | A | 26,788 | D | |
| Common Stock | Nov 17, 2016 | M | 4,279 | $16.94 | A | 31,067 | D | |
| Common Stock | Nov 17, 2016 | M | 6,097 | $16.575 | A | 37,164 | D | |
| Common StockF1,F2 | Nov 17, 2016 | S | 14,176 | $18.277 | D | 22,988 | 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 | $16.61 | Nov 17, 2016 | M | 1,600 | D | — | Nov 15, 2017 | Common Stock | 1,600 | 2,200 | D |
| Employee Option to BuyF3 | $16.61 | Nov 17, 2016 | M | 2,200 | D | — | Nov 15, 2017 | Common Stock | 2,200 | 0 | D |
| Employee Option to BuyF4 | $16.94 | Nov 17, 2016 | M | 4,279 | D | — | Feb 21, 2018 | Common Stock | 4,279 | 0 | D |
| Employee Option to BuyF5 | $16.575 | Nov 17, 2016 | M | 6,097 | D | — | Jan 22, 2019 | Common Stock | 6,097 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.27 to $18.28. 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 2,804 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 30 shares acquired through dividend reinvestment). Information is based on the 9/30/2016 Plan statement.
- F3Exercisable in annual increments beginning on the second anniversary (50%); third anniversary (25%); and fourth anniversary (25%).
- F4Exercisable in annual increments on 2/1/2010 (50%); 2/1/2011 (25%); and 2/1/2012 (25%).
- F5Exercisable in annual increments on 2/1/2011 (50%); 2/1/2012 (25%); and 2/1/2013 (25%).