SEC Form 4 · accession 0001567619-18-003613

First Connecticut Bancorp, Inc. · FBNK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, Director Retail Banking

Period of report

Oct 1, 2018

Accepted (ET)

Oct 3, 2018 · 11:39 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001511198

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	D/I	Nature of ownership
Common Stock^F1	Oct 1, 2018	D	3,730	—	D	I	IRA
Common Stock^F1	Oct 1, 2018	D	6,879	—	D	I	ESOP
Common Stock^F1	Oct 1, 2018	D	25,329	—	D	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Restricted Stock Units^F2	$25.75	Oct 1, 2018	D	828	D	Feb 21, 2018	Feb 21, 2020	Common Stock	828	D
Restricted Stock Units^F2	$24.45	Oct 1, 2018	D	2,485	D	Feb 21, 2020	Feb 21, 2020	Common Stock	2,485	D
Restricted Stock Units^F2	$25.05	Oct 1, 2018	D	1,610	D	Feb 28, 2019	Feb 28, 2021	Common Stock	1,610	D
Restricted Stock Units^F2	$25.05	Oct 1, 2018	D	2,498	D	Feb 28, 2021	Feb 28, 2021	Common Stock	2,498	D

F1Disposed of pursuant to the Agreement and Plan of Merger, dated as of June 18, 2018 (the "Merger Agreement"), by and between First Connecticut Bancorp, Inc. ("FCB") and People's United Financial, Inc. ("People's United"), in exchange for 1.725 shares of common stock of People's United ("People's United Common Stock") per share of common stock of FCB ("FCB Common Stock"), having a market value per share of FCB of $29.0835 (based on the value of 1.725 shares of People's United Common Stock at the close of trading on October 1, 2018, the closing date of the merger), with cash payable in lieu of any fractional shares.
F2Pursuant to the Merger Agreement, each FCB performance-based restricted stock unit ("PSU"), whether or not then vested or free of conditions to payment, was cancelled and converted automatically into the right to receive a number of shares of People's United Common Stock equal to the product of (i) the number of shares of FCB Common Stock subject to such PSU at the target level of performance applicable to such PSU, as determined in accordance with the applicable award agreement pursuant to which such PSU was granted multiplied by (ii) 1.725, with cash payable in lieu of fractional shares.