POPULAR, INC. — Director's Dealing 2017

Feb 14, 2017

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2016-12-31

Reporting Person: CHINEA MANUEL (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-31	Common Stock Par Value $0.01 per share	J	108.183	$0.00	Acquired	12528.003	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-20	Phantom Stock	$	A	544.372	Acquired		Common Stock Par Value $0.01 per share (544.372)	Direct
2016-12-31	Phantom Stock	$	J	31.94	Acquired		Common Stock Par Value $0.01 per share (31.94)	Direct

Footnotes

F1: Shares acquired pursuant to reinvestment of dividends paid by the Corporation and which are exempt under Section 16 of the Securities Exchange Act.

F2: Each share of phantom stock is the economic equivalent of one share of the Corporation's common stock.

F3: Transactions took place between January 4, 2016 and May 20, 2016.

F4: Shares were acquired under the Popular North America Deferral Plan.

F5: Includes 13.602 shares acquired pursuant to reinvestment of dividends paid by the Corporation and which are exempt under Section 16 of the Securities Exchange Act of 1934.

F6: Shares of phantom stock are payable following the termination of the reporting person's employment with the Corporation. The reporting person may transfer his phantom stock account into an alternative investment account at any time.

F7: This price is a weighted average price. These shares were acquired in multiple transactions ranging from $24.14 to $30.63, inclusive. The reporting person undertakes to provide 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 acquired at each separate price within the ranges set forth in this footnote.