SEC Form 4 · accession 0000801337-16-000205
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
Apr 12, 2016
Accepted (ET)
May 12, 2016 · 5:18 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 StockF2 | Apr 13, 2016 | G | 7,914 | $0.00 | D | 0 | I | By Grantor Retained Annuity Trust |
| Common StockF1 | holding | — | — | — | 345,432 | D | ||
| Common Stock | holding | — | — | — | 134,908 | 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 OptionF3 | $48.88 | holding | — | — | — | Dec 19, 2007 | Dec 19, 2016 | Common Stock | 64,483 | 64,483 | D |
| Stock OptionF3 | $32.03 | holding | — | — | — | Dec 18, 2008 | Dec 18, 2017 | Common Stock | 106,199 | 106,199 | D |
| Stock OptionF3 | $12.85 | holding | — | — | — | Dec 16, 2009 | Dec 16, 2018 | Common Stock | 163,674 | 163,674 | D |
| Stock OptionF4 | $23.81 | holding | — | — | — | Feb 22, 2013 | Feb 22, 2022 | Common Stock | 112,371 | 112,371 | D |
| Stock OptionF4 | $23.00 | holding | — | — | — | Feb 20, 2014 | Feb 20, 2023 | Common Stock | 126,373 | 126,373 | D |
| Phantom StockF5,F6 | — | holding | — | — | — | — | — | Common Stock | 227,178 | 227,178 | I |
Explanation of responses
- F1Includes 5,129 shares transferred from the Grantor Retained Annuity Trust on April 12, 2016.
- F2The remaining shares in the Grantor Retained Annuity Trust were gifted.
- F34 yr. incremental vesting - 25% vests each year for 4 years.
- F43 yr. incremental vesting - 33-1/3% vests each year for 3 years.
- F5Each 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.
- F6Shares of phantom stock are payable in shares or in cash following termination of the reporting person's employment with Webster Financial Corporation.