SEC Form 4 · accession 0001562180-17-003737
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey J Tengel
Officer — Sr. Executive Vice President
Period of report
Dec 4, 2017
Accepted (ET)
Dec 5, 2017 · 11:59 am 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 | Dec 4, 2017 | M | 173,685 | $13.90 | A | 289,335 | D | |
| Common StockF1,F2 | Dec 4, 2017 | S | 173,685 | $19.32 | D | 115,650 | 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 | $13.90 | Dec 4, 2017 | M | 173,685 | D | — | Feb 20, 2024 | Common Stock | 173,685 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $19.19 to $19.395. 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 2,164 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 21 shares acquired through dividend reinvestment). Information is based on 9/30/2017 Plan statements.
- F3Exercisable in annual increments on 03/01/2015 (33 1/3%); 03/01/2016 (33 1/3%); and 03/01/2017 (33 1/3%).