SEC Form 5 · accession 0001214659-19-000492
WEBSTER FINANCIAL CORP · WBS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Copenhaver Smith
Director
Period of report
Dec 31, 2018
Accepted (ET)
Jan 23, 2019 · 6:04 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 | Oct 23, 2018 | J | 146,792 | $0.00 | D | 456,843 | D | |
| Common Stock | Dec 27, 2018 | G | 25,000 | $0.00 | D | 431,843 | D | |
| Common Stock | Dec 28, 2018 | G | 20,000 | $0.00 | D | 411,843 | D | |
| Common Stock | Dec 31, 2018 | G | 25,000 | $0.00 | D | 386,843 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 1,723 | 113,895 | I |
Explanation of responses
- F1On October 23, 2018, the reporting person received a distribution of 146,792 shares of common stock previously beneficially owned through the issuer's 401(K) plan.
- F2Each 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.
- F3Shares of phantom stock are payable in shares or in cash following termination of the reporting person's employment with Webster Financial Corporation
- F4Between January 1, 2018 and December 31, 2018, the reporting person acquired 1,722.962 shares of phantom stock under the Webster Deferred Compensation Plan.