POPULAR, INC. — Director's Dealing 2018

Feb 27, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2018-01-27

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

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	4022	$40.40	Disposed	361780.817	Direct
2018-02-23	Common Stock Par Value $0.01 per share	A	11880	$0.00	Acquired	373660.817	Direct
2018-02-24	Common Stock Par Value $0.01 per share	F	1563	$42.93	Disposed	372097.817	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	3408	Indirect
Common Stock Par Value $0.01 per share	81955	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0.00		Common Stock Par Value $0.01 per share (10429)	10429	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: Shares held by the estate of Mr. Carrion's deceased spouse.

F3: 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.

F4: 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.