SEC Form 4 · accession 0001209191-15-062345
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ignacio Alvarez
Officer — PRESIDENT & COO
Period of report
Jul 22, 2015
Accepted (ET)
Jul 24, 2015 · 12:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000763901
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock Par Value $0.01 per shareF2 | Jul 22, 2015 | A | 7,584 | $0.00 | A | 74,725 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award of restricted stock pursuant to Popular, Inc.'s 2004 Omnibus Incentive Plan. The dollar value of the award was approved on September 25, 2014. The number of shares subject to the award was determined based on the closing price of Popular, Inc.'s common stock on October 24, 2014. The award was conditioned upon the attainment by the Corporation of certain performance conditions which, on July 22, 2015, the Compensation Committee determined had been satisfied. The award vests on September 25, 2015.
- F2Includes 13,508 shares that were held by the Reporting Person and his deceased spouse as community property, and to which the Reporting Person has an undivided interest pending liquidation of the conjugal partnership and estate of the deceased spouse.