SEC Form 4 · accession 0001562180-19-001564
People's United Financial, Inc. · PBCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Berey
Officer — Executive Vice President
Period of report
Mar 1, 2019
Accepted (ET)
Mar 4, 2019 · 12:03 pm 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 | Mar 1, 2019 | M | 25,236 | $13.90 | A | 46,672 | D | |
| Common Stock | Mar 1, 2019 | M | 55,439 | $14.85 | A | 102,111 | D | |
| Common Stock | Mar 1, 2019 | M | 48,756 | $14.565 | A | 150,867 | D | |
| Common StockF1,F2 | Mar 1, 2019 | S | 129,431 | $17.90 | D | 21,436 | 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 | Mar 1, 2019 | M | 25,236 | D | — | Feb 20, 2024 | Common Stock | 25,236 | 0 | D |
| Employee Option to BuyF4 | $14.85 | Mar 1, 2019 | M | 55,439 | D | — | Feb 19, 2025 | Common Stock | 55,439 | 0 | D |
| Employee Option to BuyF5 | $14.565 | Mar 1, 2019 | M | 48,756 | D | — | Feb 18, 2026 | Common Stock | 48,756 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $17.88 to $17.91. 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 4,898 shares owned indirectly through the People's United Bank 401(k) Plan (including 54 shares acquired through dividend reinvestment) and 5,373 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 59 shares acquired through dividend reinvestment). Information is based on 12/31/18 Plan statements.
- F3Exercisable in annual increments on 3/1/15 (33 1/3%); 3/1/16 (33 1/3%); and 3/1/17 (33 1/3%).
- F4Exercisable in annual increments on 3/1/16 (33 1/3%); 3/1/17 (33 1/3%); and 3/1/18 (33 1/3%).
- F5Exercisable in annual increments on 3/1/17 (33 1/3%); 3/1/18 (33 1/3%); and 3/1/19 (33 1/3%).