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POPULAR, INC. — Director's Dealing 2011
Feb 23, 2011
30696_dirs_2011-02-23_210eaccd-0777-4a7c-a833-d57a1a1c17e7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2011-02-18
Reporting Person: ALVAREZ IGNACIO (EVP & GENERAL COUNSEL)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-18 | Common Stock Par Value $0.01 per share | J | 42370 | $0.00 | Acquired | 212739 | Direct |
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: Includes 135,079 shares that were held by the Reporting Person and his deceased spouse as community property, and to which the Reporting Person has an undivided interest pending liquidation of the conjugal partnership and estate of the deceased spouse.