SEC Form 4 · accession 0001209191-18-014785
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lidio Soriano
Officer — Executive Vice President
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 10:36 am 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 | 1,864 | — | A | 59,867 | D | |
| Common Stock Par Value $0.01 per share | Feb 27, 2018 | F | 510 | $42.84 | D | 59,357 | D | |
| Common Stock Par Value $0.01 per share | Feb 27, 2018 | F | 492 | $42.84 | D | 58,865 | D |
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 | 1,864 | D | — | — | Common Stock Par Value $0.01 per share | 1,864 | 0 | D |
Explanation of responses
- F1Restricted Stock Units convert into an equivalent number of shares of Common Stock.
- F2On January 26, 2018, 1,864 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.