POPULAR, INC. — Director's Dealing 2012

Feb 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2012-02-17

Reporting Person: ALVAREZ IGNACIO (EVP & GENERAL COUNSEL)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-17	Common Stock Par Value $0.01 per share	J	169494	$0.00	Acquired	402233	Direct

Footnotes

F1: Issued pursuant to the Popular, Inc. 2004 Omnibus Incentive Plan consistent with the requirements of the Interim Final Rule on TARP Standards for Compensation and Corporate Governance issued by the U.S. Department of the Treasury in June 2009. 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 as the Corporation repays the financial assistance received under TARP.

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."