SEC Form 5 · accession 0000801337-17-000031
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
Dec 31, 2016
Accepted (ET)
Feb 10, 2017 · 3:49 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 | Nov 16, 2016 | G | 2,000 | $0.00 | D | 361,750 | D | |
| Common StockF2 | holding | — | — | — | 139,922 | 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 | $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 | 113,674 | 113,674 | 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 StockF7,F5,F6 | — | holding | — | — | — | — | — | Common Stock | 236,204 | 236,204 | I |
Explanation of responses
- F1Includes 625 shares of Webster Financial Corporation common stock acquired through December 31, 2016 under the Webster Dividend Reinvestment Plan per the records of Transfer Agent.
- F2Between January 1, 2016 and December 31, 2016, the reporting person acquired 5,014 shares of Webster Financial Corporation common stock under the Webster 401(k)/ESOP.
- 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.
- F7Between January 1, 2016 and December 31, 2016, the reporting person acquired 5,827 shares of phantom stock under the Webster Deferred Compensation Plan.