POPULAR, INC. — Director's Dealing 2011

May 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2011-05-10

Reporting Person: MORALES MANUEL JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-10	Common Stock Par Value $0.01 per share	J	3185	$0.00	Acquired	135520	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	386365	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. Manuel Morales, Jr. has voting power over BPOP common shares owned by his mother, as attorney in fact.