SEC Form 4 · accession 0001209191-16-147229
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Carrion
Officer — Chairman & CEO · Director
Period of report
Oct 27, 2016
Accepted (ET)
Oct 28, 2016 · 11:32 am 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 shareF1,F2 | Oct 27, 2016 | F | 406 | $38.96 | D | 360,127 | D | |
| Common Stock Par Value $0.01 per shareF3 | Oct 27, 2016 | S | 16,858 | $37.44 | D | 343,269 | D | |
| Common Stock Par Value $0.01 per share | holding | — | — | — | 23 | I | by son | |
| Common Stock Par Value $0.01 per shareF4 | holding | — | — | — | 3,408 | I | by Spouse | |
| Common Stock Par Value $0.01 per shareF5 | holding | — | — | — | 81,955 | I | Junior Investment |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Based on the closing price of the common stock on September 25, 2016, the vesting date.
- F2Includes 1,024.901 shares acquired since Mr. Carrion's last Form 4, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
- F3This price is a weighted average price. These shares were sold in multiple transactions ranging from $37.25 to $37.69, inclusive. The reporting person undertakes to provide to the Corporation, any security holder of the Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4Shares held by the estate of Mr. Carrion's deceased spouse.
- F5Represents Mr. Carrion's indirect ownership in the shares of the Corporation owned by Junior Investment Corporation in which he has approximately a 16.99% interest.