POPULAR, INC. — Director's Dealing 2018

Mar 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2018-02-27

Reporting Person: CARRION RICHARD L (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-27	Common Stock Par Value $0.01 per share	M	10429	—	Acquired	382526.817	Direct
2018-02-27	Common Stock Par Value $0.01 per share	F	3687	$42.84	Disposed	378839.817	Direct
2018-02-27	Common Stock Par Value $0.01 per share	F	3560	$42.84	Disposed	375279.817	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-27	Restricted Stock Units	$	M	10429	Disposed		Common Stock Par Value $0.01 per share (10429)	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	81955	Indirect
Common Stock Par Value $0.01 per share	3408	Indirect

Footnotes

F1: Restricted Stock Units convert into an equivalent number of shares of Common Stock.

F2: Represents Mr. Carrion's indirect ownership in the shares of the Corporation owned by Junior Investment Corporation in which he has approximately 16.99% interest.

F3: Shares held by the estate of Mr. Carrion's deceased spouse.

F4: On January 26, 2018, 10,429 performance share units granted to the reporting person on February 27, 2015 were converted into restricted stock units upon their performance-based vesting. The restricted stock units remained subject to continued time-based vesting conditions through February 27, 2018.