POPULAR, INC. — Director's Dealing 2012

May 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2012-05-18

Reporting Person: VAZQUEZ CARLOS J (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-18	Common Stock Par Value $0.01 per share	F	35361	$1.68	Disposed	454574	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	187600	Indirect

Footnotes

F1: Represents witholding of restricted stock to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock.

F2: Shares held by various family members over which Mr. Vazquez has investment authority.