SEC Form 4 · accession 0001209191-18-014672
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 27, 2018
Accepted (ET)
Feb 28, 2018 · 6:36 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 | 1,398 | — | A | 47,172 | D | |
| Common Stock Par Value $0.01 per share | Feb 27, 2018 | F | 383 | $42.84 | D | 46,789 | D | |
| Common Stock Par Value $0.01 per share | Feb 27, 2018 | F | 369 | $42.84 | D | 46,420 | 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 UnitsF1,F2 | — | Feb 27, 2018 | M | 1,398 | D | — | — | Common Stock Par Value $0.01 per share | 1,398 | 0 | D |
Explanation of responses
- F1Restricted Stock Units convert into an equivalent number of shares of Common Stock.
- F2On January 26, 2018, 1,398 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.