SEC Form 4 · accession 0001562180-17-003309
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sara M Longobardi
Officer — Sr Executive Vice President
Period of report
Oct 23, 2017
Accepted (ET)
Oct 24, 2017 · 11:09 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 StockF1 | Oct 23, 2017 | M | 43,450 | $18.10 | A | 152,807 | D | |
| Common StockF2,F1 | Oct 23, 2017 | S | 43,450 | $18.68 | D | 109,357 | 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 | $18.10 | Oct 23, 2017 | M | 43,450 | D | — | Oct 25, 2017 | Common Stock | 43,450 | 0 | D |
Explanation of responses
- F1Includes 64,856 shares owned indirectly through the People's United Bank 401(k) Plan (including 641 shares acquired through dividend reinvestment). Also includes 4,839 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 48 shares acquired through dividend reinvestment) based on 9/30/2017 Plan Statements.
- F2This transaction was executed in multiple trades at prices ranging from $18.65 to $18.72. 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.
- F3Exercisable in annual increments on 10/25/2008 (20%); 10/25/2009 (20%); 10/25/2010 (20%); 10/25/2011 (20%); and 10/25/2012 (20%).