SEC Form 4 · accession 0001562180-16-003647
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R David Rosato
Officer — Sr EVP and CFO
Period of report
Dec 1, 2016
Accepted (ET)
Dec 2, 2016 · 11:58 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 | Dec 1, 2016 | M | 43,830 | $16.805 | A | 121,127 | D | |
| Common StockF1,F2 | Dec 1, 2016 | S | 43,830 | $18.92 | D | 77,297 | D | |
| Common Stock | holding | — | — | — | 355 | I | IRA f/b/o Dana Rosato | |
| Common Stock | holding | — | — | — | 120 | I | IRA f/b/o Kevin Rosato |
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 | $16.805 | Dec 1, 2016 | M | 43,830 | D | — | Dec 12, 2017 | Common Stock | 43,830 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.895 to $18.96. 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 2,817 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 31 shares acquired through dividend reinvestment). Information based on 9/30/16 Plan statements.
- F3Exercisable in annual increments on 12/12/2009 (33 1/3%); 12/12/2010 (33 1/3%); and 12/12/2011 (33 1/3%).