SEC Form 4 · accession 0001562180-18-003989
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee C Powlus
Officer — Sr Ex VP & Chief Admin Officer
Period of report
Sep 20, 2018
Accepted (ET)
Sep 20, 2018 · 4:06 pm 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 | Sep 20, 2018 | M | 48,200 | $17.445 | A | 146,050 | D | |
| Common StockF1,F2 | Sep 20, 2018 | S | 48,200 | $17.97 | D | 97,850 | 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 | $17.445 | Sep 20, 2018 | M | 48,200 | D | — | Oct 9, 2018 | Common Stock | 48,200 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $17.93 to $18.025. 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 2,008 shares owned indirectly through the People's United Bank 401(k) Plan (including 18 shares acquired through dividend reinvestment) and 3,534 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 32 shares acquired through dividend reinvestment). Information is based on 6/30/2018 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 (10/9/2008).