SEC Form 4 · accession 0001209191-18-044177
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
Jul 25, 2018
Accepted (ET)
Jul 27, 2018 · 3:20 pm EDT
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,F2,F3 | Jul 25, 2018 | S | 106,151 | $50.00 | D | 272,825 | D | |
| Common Stock Par Value $0.01 per shareF4 | Jul 26, 2018 | S | 93,849 | $50.35 | D | 178,976 | D | |
| Common Stock Par Value $0.01 per share | holding | — | — | — | 23 | I | by son | |
| Common Stock Par Value $0.01 per shareF5 | holding | — | — | — | 81,955 | I | Junior Investment | |
| Common Stock Par Value $0.01 per shareF6 | holding | — | — | — | 3,408 | I | by Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This price is a weighted average price. These shares were sold in multiple transactions ranging from $49.59 to $50.55, inclusive. The reporting person undertakes to provide the Corporation, any security holder of the Corporation, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2Includes 3,085.979 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.
- F3Includes 610.535 shares acquired under Popular Inc. Puerto Rico Savings and Investment Plan in exempt transactions pursuant to Rule 16 of the Securities Exchange Act.
- F4This price is a weighted average price. These shares were sold in multiple transactions ranging from $50.15 to 50.76, inclusive. The reporting person undertakes to provide the Corporation, any security holder of the Corporation, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F5Represents Mr. Carrion's indirect ownership in the shares of the Corporation owned by Junior Investment Corporation in which he has approximately 16.99% interest.
- F6Shares held by the estate of Mr. Carrion's deceased spouse.