SEC Form 4 · accession 0001209191-18-014600
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Javier D. Ferrer
Officer — Executive VP & General Counsel
Period of report
Feb 27, 2018
Accepted (ET)
Feb 28, 2018 · 5:36 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 | Feb 27, 2018 | M | 2,049 | — | A | 31,035 | D | |
| Common Stock Par Value $0.01 per share | Feb 27, 2018 | F | 561 | $42.84 | D | 30,474 | D | |
| Common Stock Par Value $0.01 per share | Feb 27, 2018 | F | 541 | $42.84 | D | 29,933 | D | |
| Common Stock Par Value $0.01 per shareF2 | holding | — | — | — | 1,167 | 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 UnitsF1,F3 | — | Feb 27, 2018 | M | 2,049 | D | — | — | Common Stock Par Value $0.01 per share | 2,049 | 0 | D |
Explanation of responses
- F1Restricted Stock Units convert into an equivalent number of shares of Common Stock.
- F2Mr. Ferrer disclaims beneficial ownership of Popular Inc.'s shares held by his wife and has no investment authority over those shares.
- F3On January 26, 2018, 2,049 performance share units granted to the reporting person on February 27, 2015 were converted into restricted stock units upon their performance-based vesting. The restricted stock units remained subject to continued time-based vesting conditions through February 27, 2018.