SEC Form 4 · accession 0001209191-18-006017
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
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 4:36 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 shareF1 | holding | — | — | — | 42,637 | D | ||
| Common Stock Par Value $0.01 per share | holding | — | — | — | 10 | I | by wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Jan 26, 2018 | A | 1,398 | A | — | — | Common Stock Par Value $0.01 per share | 1,398 | 1,398 | D |
Explanation of responses
- F1Includes 362.463 shares acquired since Mr. Guerrero's last Form, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
- F2Reflects performance-based vesting of performance share units granted to the reporting person on February 27, 2015 and accrued dividend equivalents thereunder converted into restricted stock units ("RSUs"), in each case, subject to continued time-based vesting conditions.
- F3The underlying RSUs remain subject to continued time-based vesting conditions through February 27, 2018. Upon vesting, restricted stock units are converted into an equivalent number of shares of Common Stock that are distributed to the reporting person.