SEC Form 4 · accession 0001562180-19-001290
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
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 11:50 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 StockF1,F2 | Feb 21, 2019 | A | 8,091 | $0.00 | A | 106,064 | 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 | $17.6275 | Feb 21, 2019 | A | 71,306 | A | — | Feb 21, 2029 | Common Stock | 71,306 | 71,306 | D |
Explanation of responses
- F1These are restricted shares that vest in annual increments on 3/1/20 (33 1/3%); 3/1/21 (33 1/3%); and 3/1/22 (33 1/3%).
- F2Includes 2,059 shares owned indirectly through the People's United Bank 401(k) Plan (including 22 shares acquired through dividend reinvestment) and 3,607 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 40 shares acquired through dividend reinvestment). Information is based on 12/31/18 Plan statements.
- F3Exercisable in annual increments on 3/1/20 (33 1/3%); 3/1/21 (33 1/3%); and 3/1/22 (33 1/3%).