SEC Form 4 · accession 0001562180-17-003696
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David K Norton
Officer — Sr Ex VP & Chief HR Offcr
Period of report
Nov 29, 2017
Accepted (ET)
Nov 30, 2017 · 2:09 pm 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 | Nov 29, 2017 | M | 108,194 | $14.85 | A | 236,619 | D | |
| Common StockF1,F2 | Nov 29, 2017 | S | 108,194 | $19.22 | D | 128,425 | 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 | $14.85 | Nov 29, 2017 | M | 108,194 | D | — | Feb 19, 2025 | Common Stock | 108,194 | 54,097 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $19.15 to $19.28. 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 12,882 shares owned indirectly through the People's United Bank 401(k) Plan (including 127 shares acquired through dividend reinvestment). Also includes 2,285 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 23 shares acquired through dividend reinvestment). Information is based on 9/30/2017 Plan statements.
- F3Exercisable in annual increments on 3/1/2016 (33 1/3%); 3/1/2017 (33 1/3%); and 3/1/2018 (33 1/3%).