SEC Form 4 · accession 0000801337-15-000107
WEBSTER FINANCIAL CORP · WBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Copenhaver Smith
Officer — Chairman & Chief Executive Off · Director
Period of report
Sep 28, 2015
Accepted (ET)
Oct 20, 2015 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000801337
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 28, 2015 | G | 40,000 | $0.00 | D | 289,099 | D | |
| Common Stock | holding | — | — | — | 13,043 | I | By Grantor Retained Annuity Trust | |
| Common Stock | holding | — | — | — | 130,132 | I | 401(k)/ESOP | |
| Common Stock | holding | — | — | — | 10,554 | I | Directly by Spouse | |
| Common Stock | holding | — | — | — | 5,698 | I | Directly by Spouse IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $47.40 | holding | — | — | — | Dec 20, 2006 | Dec 20, 2015 | Common Stock | 47,182 | 47,182 | D |
| Stock OptionF2 | $48.88 | holding | — | — | — | Dec 19, 2007 | Dec 19, 2016 | Common Stock | 64,483 | 64,483 | D |
| Stock OptionF2 | $32.03 | holding | — | — | — | Dec 18, 2008 | Dec 18, 2017 | Common Stock | 106,199 | 106,199 | D |
| Stock OptionF2 | $12.85 | holding | — | — | — | Dec 16, 2009 | Dec 16, 2018 | Common Stock | 213,674 | 213,674 | D |
| Stock OptionF3 | $23.81 | holding | — | — | — | Feb 22, 2013 | Feb 22, 2022 | Common Stock | 112,371 | 112,371 | D |
| Stock OptionF3 | $23.00 | holding | — | — | — | Feb 20, 2014 | Feb 20, 2023 | Common Stock | 126,373 | 126,373 | D |
| Phantom StockF4,F5 | — | holding | — | — | — | — | — | Common Stock | 217,301 | 217,301 | I |
Explanation of responses
- F1251,336 shares held in Trust for adult children of the reporting person, including the 40,000 shares disclosed in this filing as a gift, will no longer be reported because the reporting person does not have a pecuniary interest in the shares.
- F24 yr. incremental vesting - 25% vests each year for 4 years.
- F33 yr. incremental vesting - 33-1/3% vests each year for 3 years.
- F4Each share of phantom stock represents the right to receive one share of Webster Financial Corporation common stock or the cash value thereof. These shares are held in the Webster Deferred Compensation Plan.
- F5Shares of phantom stock are payable in shares or in cash following termination of the reporting person's employment with Webster Financial Corporation.