SEC Form 4 · accession 0001562180-18-003416
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Trautmann
Officer — Sr Ex VP, Gen Cnsl & Secretary
Period of report
Jul 25, 2018
Accepted (ET)
Jul 26, 2018 · 10:58 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 | Jul 25, 2018 | M | 47,708 | $14.85 | A | 69,193 | D | |
| Common Stock | Jul 25, 2018 | M | 27,696 | $14.565 | A | 96,889 | D | |
| Common StockF1,F2 | Jul 25, 2018 | S | 75,404 | $18.27 | D | 21,485 | D | |
| Common Stock | holding | — | — | — | 28,426 | I | Robert Edward Trautmann Revocable 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 | $14.85 | Jul 25, 2018 | M | 47,708 | D | — | Feb 19, 2025 | Common Stock | 47,708 | 0 | D |
| Employee Option to BuyF4 | $14.565 | Jul 25, 2018 | M | 27,696 | D | — | Feb 18, 2026 | Common Stock | 27,696 | 27,697 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $18.21 to $18.315. 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 4,262 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 39 shares acquired through dividend reinvestment) based on 6/30/2018 Plan statement.
- F3Exercisable in annual increments on 3/1/16 (33 1/3%); 3/1/17 (33 1/3%) and 3/1/18 (33 1/3%).
- F4Exercisable in annual increments on 3/1/17 (33 1/3%); 3/1/18 (33 1/3%) and 3/1/19 (33 1/3%).