SEC Form 4 · accession 0001209191-18-006102
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Carrion
Officer — Executive Chairman · Director
Period of report
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 7:08 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 | — | — | — | 365,803 | D | ||
| Common Stock Par Value $0.01 per share | holding | — | — | — | 23 | I | by son | |
| Common Stock Par Value $0.01 per shareF2 | holding | — | — | — | 3,408 | I | by Spouse | |
| Common Stock Par Value $0.01 per shareF3 | holding | — | — | — | 81,955 | I | Junior Investment |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | $0.00 | Jan 26, 2018 | A | 10,429 | A | — | — | Common Stock Par Value $0.01 per share | 10,429 | 10,429 | D |
Explanation of responses
- F1Includes 6,856.497 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.
- F2Shares held by the estate of Mr. Carrion's deceased spouse.
- F3Represents Mr. Carrion's indirect ownership in the shares of the Corporation owned by Junior Investment Corporation in which he has approximately 16.99% interest.
- F4Reflects 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.
- F5The 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.