SEC Form 4 · accession 0000801337-16-000254
WEBSTER FINANCIAL CORP · WBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph J Savage
Officer — Executive Vice Chairman
Period of report
Dec 9, 2016
Accepted (ET)
Dec 12, 2016 · 4:59 pm EST
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 | Dec 9, 2016 | M | 10,079 | $48.88 | A | 72,746 | D | |
| Common StockF1 | Dec 9, 2016 | F | 9,341 | $54.32 | D | 63,405 | 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 | $48.88 | Dec 9, 2016 | M | 10,079 | D | Dec 19, 2007 | Dec 19, 2016 | Common Stock | 10,079 | 0 | D |
Explanation of responses
- F1The reporting person exercised 10,079 stock options using 9,341 shares owned to pay the exercise price and the withholding taxes incurred in connection with the exercise.
- F24 yr. incremental vesting - 25% vests each year for 4 years.