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POPULAR, INC. — Director's Dealing 2018
Feb 27, 2018
30696_dirs_2018-02-27_5c9f3387-6721-40fb-a6f9-43c605c9faf7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2018-01-27
Reporting Person: Soriano Lidio (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-01-27 | Common Stock Par Value $0.01 per share | F | 556 | $40.40 | Disposed | 53561.122 | Direct |
| 2018-02-23 | Common Stock Par Value $0.01 per share | A | 4659 | $0.00 | Acquired | 58220.122 | Direct |
| 2018-02-24 | Common Stock Par Value $0.01 per share | F | 217 | $42.93 | Disposed | 58003.122 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0.00 | Common Stock Par Value $0.01 per share (1864) | 1864 | Direct |
Footnotes
F1: Award of restricted stock pursuant to Popular, Inc.'s Omnibus Incentive Plan. Eighty percent (80%) of the award vests in equal annual installments on each of the first four (4) anniversaries of the grant date, and twenty percent (20%) of the award vests upon termination of the executive's employment after attaining (x) age 55 with 10 years of service or (y) age 60 with 5 years of service.
F2: The underlying RSUs remain subject to continued time-based vesting conditions through February 27, 2018. Upon vesting, restricted stock units are converted into an equivalent number of shares of Common Stock that are distributed to the reporting person.