POPULAR, INC. — Director's Dealing 2011

May 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2011-05-23

Reporting Person: UNANUE CARLOS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-23	Common Stock Par Value $0.01 per share	J	19400	$0.00	Acquired	182765	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	757312	Indirect
Common Stock Par Value $0.01 per share	53312	Indirect

Footnotes

F1: Award of Restricted Stock pursuant to Popular, Inc.'s 2004 Omnibus Incentive Plan. The restriction of such restricted stock award lapses upon the retirement of the director.

F2: Mr. Unanue disclaims beneficial ownership of Popular, Inc.'s shares held by his mother.

F3: Represents 8.33% of Popular, Inc.'s common stock held by Island Can Corp. of which Mr. Unanue has an ownership interest of 8.33% and is General Manager.