SEC Form 4 · accession 0001562180-17-002241
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Trautmann
Officer — Sr Ex VP, Gen Cnsl & Secretary
Period of report
Jun 8, 2017
Accepted (ET)
Jun 9, 2017 · 11:06 am EDT
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 | Jun 8, 2017 | M | 43,433 | $13.9025 | A | 70,323 | D | |
| Common Stock | Jun 8, 2017 | M | 47,707 | $14.85 | A | 118,030 | D | |
| Common Stock | Jun 8, 2017 | M | 27,696 | $14.565 | A | 145,726 | D | |
| Common StockF1,F2 | Jun 8, 2017 | S | 118,836 | $17.08 | D | 26,890 | D | |
| Common Stock | holding | — | — | — | 53,706 | I | Robert Edward Trautmann Revocable Trust |
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 | $17.08 | Jun 8, 2017 | M | 43,433 | D | — | Feb 20, 2024 | Common Stock | 43,433 | 0 | D |
| Employee Option to BuyF4 | $17.08 | Jun 8, 2017 | M | 47,707 | D | — | Feb 19, 2025 | Common Stock | 47,707 | 47,708 | D |
| Employee Option to BuyF5 | $17.08 | Jun 8, 2017 | M | 27,696 | D | — | Feb 18, 2026 | Common Stock | 27,696 | 55,393 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $17.05 to $17.13. 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 3,788 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 42 shares acquired through dividend reinvestment) based on 3/30/2017 Plan statement.
- F3Exercisable in annual increments on 3/1/15 (33 1/3%); 3/1/16 (33 1/3%) and 3/1/17 (33 1/3%).
- F4Exercisable in annual increments on 3/1/16 (33 1/3%); 3/1/17 (33 1/3%) and 3/1/18 (33 1/3%).
- F5Exercisable in annual increments on 3/1/17 (33 1/3%); 3/1/18 (33 1/3%) and 3/1/19 (33 1/3%).