SEC Form 4 · accession 0001562180-18-002410
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
May 8, 2018
Accepted (ET)
May 9, 2018 · 9:52 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 | May 8, 2018 | M | 18,873 | $12.94 | A | 134,525 | D | |
| Common Stock | May 8, 2018 | M | 27,593 | $13.9025 | A | 162,118 | D | |
| Common StockF1,F2 | May 8, 2018 | S | 73,324 | $18.33 | D | 88,794 | 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 | $12.94 | May 8, 2018 | M | 18,873 | D | — | Feb 21, 2023 | Common Stock | 18,873 | 0 | D |
| Employee Option to BuyF4 | $13.9025 | May 8, 2018 | M | 27,593 | D | — | Feb 20, 2024 | Common Stock | 27,593 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.32 to $18.3552. 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 66,994 shares owned indirectly through the People's United Bank 401(k) Plan (including 572 shares acquired through dividend reinvestment). Also includes 5,215 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 45 shares acquired through dividend reinvestment) based on 3/31/2018 Plan Statements.
- F3Exercisable in annual increments on 3/1/2014 (33 1/3%); 3/1/2015 (33 1/3%); and 3/1/2016 (33 1/3%).
- F4Exercisable in annual increments on 3/1/2015 (33 1/3%); 3/1/2016 (33 1/3%); and 3/1/2017 (33 1/3%).