SEC Form 4 · accession 0000801337-16-000242
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
Oct 27, 2016
Accepted (ET)
Oct 28, 2016 · 3:56 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 | Oct 27, 2016 | M | 15,399 | $12.85 | A | 53,182 | D | |
| Common StockF1 | Oct 27, 2016 | S | 8,496 | $40.5825 | D | 44,686 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $12.85 | Oct 27, 2016 | M | 15,399 | D | Dec 16, 2009 | Dec 16, 2018 | Common Stock | 15,399 | 0 | D |
Explanation of responses
- F1The reporting person sold 8,496 shares of Webster Common Stock in a sell-to-cover stock option exercise at prices ranging from $40.58 to $40.60. Full information regarding the number of shares sold at each separate price will be provided upon request.
- F24 yr. incremental vesting - 25% vests each year for 4 years.