POPULAR, INC. — Director's Dealing 2014

Nov 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2014-11-25

Reporting Person: CARRION RICHARD L (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-25	Common Stock Par Value $0.01 per share	J	205	$0.00	Disposed	97770	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	3408	Indirect
Common Stock Par Value $0.01 per share	23	Indirect
Common Stock Par Value $0.01 per share	204779	Direct

Footnotes

F1: This filing is being made solely to update Mr. Carrion's indirect ownership in the Corporation's common stock as a result of his ownership in Junior Investment Corporation ("Junior Investment"). On November 25, 2014, a stockholder of Junior Investment was partially redeemed in exchange for shares of the Corporation's common stock previously held by Junior Investment. As a result of the transaction, Mr. Carrion's interest in Junior Investment common stock increased from approximately 16.58% to approximately 16.99% and Mr. Carrion's indirect ownership in the Corporation's common stock held by Junior Investment was reduced from 97,975 shares (16.576858% of 591,038 shares) to 97,770 shares (16.993795% of 575,330 shares).

F2: Represents Mr. Carrion's indirect ownership in the shares of the Corporation owned by Junior Investment in which he has approximately a 16.99% interest. Prior filings reflected Mr. Carrion's indirect ownership based on his ownership interest in Junior Investment rounded to the nearest hundredth.