SEC Form 4 · accession 0001209191-16-147407
PNC FINANCIAL SERVICES GROUP, INC. · PNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William S Demchak
Officer — President/CEO
Period of report
Oct 27, 2016
Accepted (ET)
Oct 31, 2016 · 2:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000713676
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| $5 Par Common Stock | Oct 27, 2016 | M | 82,500 | $72.65 | A | 476,255 | D | |
| $5 Par Common StockF1 | Oct 27, 2016 | S | 82,500 | $95.3146 | D | 393,755 | D | |
| $5 Par Common StockF2 | holding | — | — | — | 2,079 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right-to-Buy) | $72.65 | Oct 27, 2016 | M | 82,500 | D | Jan 25, 2008 | Jan 25, 2017 | $5 Par Common Stock | 82,500 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of shares sold in multiple transactions with prices ranging from $95.26 to $95.34. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares sold at each separate price.
- F2The amount of securities beneficially owned represents the number of shares of common stock indirectly held for the account of the reporting person under The PNC Financial Services Group, Inc. ("PNC") Incentive Savings Plan (the "ISP"). Shares of PNC common stock are not directly allocated to ISP participants, but instead are held in a unitized fund, approximately 98% of which consists of PNC common stock, and the remainder of which is invested in a money market fund. The amount of securities beneficially owned reflects 25 shares indirectly acquired for the account of the reporting person under the ISP in transactions exempt from reporting under Rule 16a-3(f)(1)(i)(B) that occurred subsequent to the date of the reporting person's most recent filing on Form 4 providing Table I information. The percentage of assets in the unitized fund investment option that are deemed to be invested in PNC common stock may vary from time to time.
Remarks
Please see attached footnotes page.