SEC Form 4 · accession 0001209191-16-117969
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manuel Chinea
Officer — Executive Vice President
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 9:05 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 | May 3, 2016 | A | 4,478 | $0.00 | A | 14,667 | 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, as amended. The number of shares subject to the award was determined based on the closing price of Popular, Inc.'s common stock on the grant date of May 3, 2016. Eighty percent (80%) of the award vests in equal annual installments on each of the first four (4) anniversaries of the grant date, and twenty percent (20%) of the award vests upon termination of the executive's employment after attaining (x) age 55 with 10 years of service or (y) age 60 with 5 years of service.
- F2Includes 94.629 shares acquired pursuant to reinvestment of dividends paid by the Corporation and which are exempt under Section 16 of the Securities Exchange Act.