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: Ferre Maria Luisa (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	21164	$0.00	Acquired	114051	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	2961647	Indirect
Common Stock Par Value $0.01 per share	437401	Indirect
Common Stock Par Value $0.01 per share	3081082	Indirect
8.25% Non-Cumulative Monthly Income Preferred Stock Series B	4175	Indirect
Common Stock Par Value $0.01 per share	2970	Indirect
Common Stock Par Value $0.01 per share	22300	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: El Dia Inc is 90% owned by Ferre Investment Fund.

F3: Ms. Ferre is the President and a Trustee of Luis A Ferre Foundation.

F4: FRG, Inc. is 100% owned by Ferre Rangel Family. Ms Ferre is the CEO, President & Director of FRG, Inc.

F5: Ranfe Inc is 100% owned by Ferre Rangel children.