POPULAR, INC. — Director's Dealing 2017

Feb 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2017-02-17

Reporting Person: ALVAREZ IGNACIO (PRESIDENT & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-17	Common Stock Par Value $0.01 per share	W	3097.81	$0.00	Acquired	3097.81	Indirect
2017-02-17	Common Stock Par Value $0.01 per share	W	12403.24	$0.00	Disposed	81543.033	Direct

Footnotes

F1: Represents the acquisition of 3,097.81 shares by the son of the Reporting Person occupying same household upon liquidation of the conjugal partnership and estate of the Reporting Person's deceased spouse, as described in note (2).

F2: These shares (which include 27.161 shares acquired since the Reporting Person's last Form 4, pursuant to reinvestment of dividend paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act)include all shares that had been held by the Reporting Person and his deceased spouse as community property and now are being transferred to his children upon the liquidation the conjugal partnership and estate of the deceased spouse.

F3: Includes 96.887 shares acquired since Mr. Alvarez's last Form 4, pursuant to reinvestment of dividend paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.