SEC Form 4 · accession 0001209191-17-015112
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Juan Guerrero
Officer — Executive Vice President
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 1:20 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 shareF2 | Feb 24, 2017 | A | 3,157 | $0.00 | A | 43,061 | D | |
| Common Stock Par Value $0.01 per share | holding | — | — | — | 10 | 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 Omnibus Incentive Plan. Eighty percent (80%) of the award vests in equal annual installments on each of the first four (4) anniversaries of the approval 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 41.466 shares acquired pursuant to reinvestment of dividends paid by the Corporation and 2.158 shares acquired under Popular Inc. Puerto Rico Savings and Investment Plan which are exempt under Section 16 of the Securities Exchange Act.