POPULAR, INC. — Director's Dealing 2016

Sep 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2016-09-22

Reporting Person: ALVAREZ IGNACIO (PRESIDENT & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-22	Common Stock Par Value $0.01 per share	A	7584	$0.00	Acquired	95727.681	Direct

Footnotes

F1: Award of restricted stock pursuant to Popular, Inc.'s 2004 Omnibus Incentive Plan. The dollar value of the award was approved on September 25, 2014. The number of shares subject to the award was determined based on the closing price of Popular, Inc.'s common stock on October 24, 2014. The award was conditioned upon the attainment by the Corporation of certain performance conditions which, on September 22, 2016, the Compensation Committee determined had been satisfied. The award vests on September 25, 2016.

F2: Includes 456.681 shares acquired since Mr. Alvarez'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: Includes 13,587 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.