SEC Form 4 · accession 0000801337-17-000012
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
Jan 24, 2017
Accepted (ET)
Jan 26, 2017 · 5:06 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 StockF1 | Jan 24, 2017 | S | 5,000 | $53.0522 | D | 39,686 | D | |
| Common Stock | Jan 25, 2017 | M | 11,579 | $43.26 | A | 51,265 | D | |
| Common StockF2 | Jan 25, 2017 | S | 10,129 | $54.3065 | D | 41,136 | 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 | $43.26 | Jan 25, 2017 | M | 11,579 | D | Sep 18, 2008 | Sep 18, 2017 | Common Stock | 11,579 | 0 | D |
Explanation of responses
- F1The reporting person sold 5,000 shares of Webster Common Stock at prices ranging from $52.98 to $53.09. Full information regarding the number of shares sold at each separate price will be provided upon request.
- F2The reporting person sold 10,129 shares of Webster Common Stock in a sell-to-cover stock option exercise at prices ranging from $54.27 to $54.41. 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.