SEC Form 4 · accession 0001209191-16-142840
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
O. Rivera Nestor
Officer — EXECUTIVE VICE PRESIDENT
Period of report
Sep 22, 2016
Accepted (ET)
Sep 26, 2016 · 6:21 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,F3 | Sep 22, 2016 | A | 4,625 | $0.00 | A | 41,398 | D | |
| Common Stock Par Value $0.01 per shareF4 | holding | — | — | — | 1,295 | I | by wife |
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 September 22, 2016, the Compensation Committee determined had been satisfied. The award vests on September 25, 2016.
- F2Includes 123.608 shares acquired under Popular Inc. Puerto Rico Savings and Investment Plan in exempt transactions from Section 16 of the Securities Exchange Act.
- F3Includes 294.82 shares acquired since Mr. Rivera's last Form 4, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
- F4Includes 14.517 shares acquired by Mr. Rivera's wife since his last Form 4, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.