POPULAR, INC. — Director's Dealing 2016

Oct 28, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2016-10-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-27	Common Stock Par Value $0.01 per share	F	405.704	$38.96	Disposed	360126.739	Direct
2016-10-27	Common Stock Par Value $0.01 per share	S	16858	$37.44	Disposed	343268.739	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	23	Indirect
Common Stock Par Value $0.01 per share	3408	Indirect
Common Stock Par Value $0.01 per share	81955	Indirect

Footnotes

F1: Based on the closing price of the common stock on September 25, 2016, the vesting date.

F2: Includes 1,024.901 shares acquired since Mr. Carrion's last Form 4, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.

F3: This price is a weighted average price. These shares were sold in multiple transactions ranging from $37.25 to $37.69, inclusive. The reporting person undertakes to provide to the Corporation, any security holder of the Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F4: Shares held by the estate of Mr. Carrion's deceased spouse.

F5: Represents Mr. Carrion's indirect ownership in the shares of the Corporation owned by Junior Investment Corporation in which he has approximately a 16.99% interest.