SEC Form 4 · accession 0001562180-17-003312
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark W Richards
Director
Period of report
Oct 24, 2017
Accepted (ET)
Oct 24, 2017 · 2:32 pm 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 | Oct 24, 2017 | M | 26,732 | $15.66 | A | 332,668 | D | |
| Common StockF1,F2 | Oct 24, 2017 | S | 26,732 | $18.89 | D | 305,936 | D | |
| Series A Nonconvertible Perpetual Preferred Stock | holding | — | — | — | 8,000 | D | ||
| Common Stock | holding | — | — | — | 4,768 | I | By daughter |
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 | Oct 24, 2017 | M | 26,732 | D | — | Jan 17, 2018 | Common Stock | 26,732 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.83 to $18.94. 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 135,962 investment units accrued under the Chittenden Corporation Deferred Compensation Plan (including 1,350 units accrued due to the deemed reinvestment of dividend equivalents). 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.