SEC Form 4 · accession 0001562180-16-003575
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John K Dwight
Director
Period of report
Nov 18, 2016
Accepted (ET)
Nov 18, 2016 · 2:18 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 18, 2016 | M | 50,000 | $15.66 | A | 277,134 | D | |
| Common StockF1,F2 | Nov 18, 2016 | S | 50,000 | $18.21 | D | 227,134 | D | |
| Common Stock | holding | — | — | — | 8,902 | I | By H. Dwight Revocable Trust | |
| Common Stock | holding | — | — | — | 4,253 | I | By C. Dwight Revocable Trust | |
| Common Stock | holding | — | — | — | 4,253 | I | By P. Dwight Revocable Trust |
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 18, 2016 | M | 50,000 | D | — | Jan 17, 2018 | Common Stock | 50,000 | 56,928 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.2124 to $18.235. 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 73,233 investment units accrued under the Chittenden Corporation Deferred Compensation Plan (including 675 units accrued due to the deemed reinvestment of dividend equivalents and reflecting settlement of 6,370 investment units by delivery of equal number of shares of common stock on January 4, 2016). 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.