SEC Form 4 · accession 0001214659-18-004018
WEBSTER FINANCIAL CORP · WBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Copenhaver Smith
Director
Period of report
May 23, 2018
Accepted (ET)
May 24, 2018 · 5:51 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 | May 23, 2018 | M | 49,783 | $12.85 | A | 408,976 | D | |
| Common StockF1 | May 23, 2018 | F | 9,730 | $65.74 | D | 399,246 | D | |
| Common StockF1 | May 23, 2018 | F | 18,560 | $65.74 | D | 380,686 | 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 | May 23, 2018 | M | 49,783 | D | Dec 16, 2009 | Dec 16, 2018 | Common Stock | 49,783 | 5,640 | D |
Explanation of responses
- F1The reporting person exercised 49,783 stock options using 28,290 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.