POPULAR, INC. — Director's Dealing 2010

Feb 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2010-02-22

Reporting Person: CARRION RICHARD L (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-22	Common Stock Par Value $0.01 per share	J	183819	$0.00	Acquired	1656299	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	34077	Indirect
Common Stock Par Value $0.01 per share	1811520	Indirect
Common Stock Par Value $0.01 per share	56887	Indirect

Footnotes

F1: Issued pursuant to the Popular, Inc. 2004 Omnibus Incentive Plan consistent with the requirements of the TARP Interim Final Rule. The shares will vest on the second anniversary of the grant date. In order to be transferable, the Corporation must have achieved profitability for at least one fiscal year. Once the profitability condition is obtained, the restricted stock will be transferable in 25% increments in accordance with the Corporation's repayment of the TARP funds.

F2: Ownership of 17.89% in Junior Investment Corporation, which owned 10,125,882 shares of Popular, Inc. at the end of February 26, 2010.