SEC Form 4 · accession 0000801337-16-000199
WEBSTER FINANCIAL CORP · WBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Ciulla
Officer — President
Period of report
Apr 28, 2016
Accepted (ET)
May 2, 2016 · 5:06 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 Stock | Apr 28, 2016 | M | 2,500 | $12.85 | A | 36,392 | D | |
| Common Stock | Apr 28, 2016 | S | 1,426 | $37.06 | D | 34,966 | D | |
| Common Stock | Apr 29, 2016 | M | 8,622 | $32.03 | A | 43,588 | D | |
| Common StockF1 | Apr 29, 2016 | S | 7,936 | $36.434 | D | 35,652 | D | |
| Common Stock | Apr 29, 2016 | M | 5,000 | $12.85 | A | 40,652 | D | |
| Common StockF2 | Apr 29, 2016 | S | 2,869 | $36.437 | D | 37,783 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $12.85 | Apr 28, 2016 | M | 2,500 | D | Dec 16, 2009 | Dec 16, 2018 | Common Stock | 2,500 | 20,399 | D |
| Stock OptionF3 | $32.03 | Apr 29, 2016 | M | 8,622 | D | Dec 18, 2008 | Dec 18, 2017 | Common Stock | 8,622 | 0 | D |
| Stock OptionF3 | $12.85 | Apr 29, 2016 | M | 5,000 | D | Dec 16, 2009 | Dec 16, 2018 | Common Stock | 5,000 | 15,399 | D |
Explanation of responses
- F1The reporting person sold 7,936 shares of Webster Common Stock in a sell-to-cover stock option exercise at prices ranging from $36.43 to $36.44. Full information regarding the number of shares sold at each separate price will be provided upon request.
- F2The reporting person sold 2,869 shares of Webster Common Stock in a sell-to-cover stock option exercise at prices ranging from $36.43 to $36.44. Full information regarding the number of shares sold at each separate price will be provided upon request.
- F34 yr. incremental vesting - 25% vests each year for 4 years.