SEC Form 4 · accession 0001562180-17-003318
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Barnes
Officer — President and CEO · Director
Period of report
Oct 24, 2017
Accepted (ET)
Oct 25, 2017 · 10:05 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 | Oct 24, 2017 | M | 284,659 | $15.66 | A | 383,140 | D | |
| Common Stock | Oct 24, 2017 | M | 14,650 | $16.075 | A | 397,790 | D | |
| Common StockF1,F2 | Oct 24, 2017 | S | 299,309 | $18.88 | D | 98,481 | D | |
| Common Stock | holding | — | — | — | 365,563 | I | John P. Barnes Living 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 | $15.66 | Oct 24, 2017 | M | 284,659 | D | — | Jan 17, 2018 | Common Stock | 284,659 | 0 | D |
| Employee Option to BuyF4 | $16.075 | Oct 24, 2017 | M | 14,650 | D | — | Jan 16, 2018 | Common Stock | 14,650 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.80 to $19.05. 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 4,000 shares owned indirectly through the People's United Bank 401(k) Plan (including 40 shares acquired through dividend reinvestment) and 3,965 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 39 shares acquired through dividend reinvestment). Information is based on 09/30/17 Plan statements.
- F3Exercisable in annual increments of 20% over the course of five years, beginning on the first anniversary of the date of the grant.
- F4Exercisable in annual increments on 1/16/10 (50%); 1/16/11 (25%); and 1/16/12 (25%).