SEC Form 5 · accession 0001209191-17-010866
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
Dec 31, 2016
Accepted (ET)
Feb 14, 2017 · 7:38 pm EST
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 share | Dec 31, 2016 | J | 108 | $0.00 | A | 12,528 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF3,F5,F7,F2,F6 | — | May 20, 2016 | A | 544 | A | — | — | Common Stock Par Value $0.01 per share | 544 | 2,619 | D |
| Phantom StockF2,F6 | — | Dec 31, 2016 | J | 32 | A | — | — | Common Stock Par Value $0.01 per share | 32 | 2,651 | D |
Explanation of responses
- F1Shares acquired pursuant to reinvestment of dividends paid by the Corporation and which are exempt under Section 16 of the Securities Exchange Act.
- F2Each share of phantom stock is the economic equivalent of one share of the Corporation's common stock.
- F3Transactions took place between January 4, 2016 and May 20, 2016.
- F4Shares were acquired under the Popular North America Deferral Plan.
- F5Includes 13.602 shares acquired pursuant to reinvestment of dividends paid by the Corporation and which are exempt under Section 16 of the Securities Exchange Act of 1934.
- F6Shares of phantom stock are payable following the termination of the reporting person's employment with the Corporation. The reporting person may transfer his phantom stock account into an alternative investment account at any time.
- F7This price is a weighted average price. These shares were acquired in multiple transactions ranging from $24.14 to $30.63, inclusive. The reporting person undertakes to provide 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 acquired at each separate price within the ranges set forth in this footnote.