POPULAR, INC. — Director's Dealing 2018

Jan 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2018-01-26

Reporting Person: ALVAREZ IGNACIO (Director, CEO & PRESIDENT)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-26	Restricted Stock Units	$0.00	A	3330	Acquired		Common Stock Par Value $0.01 per share (3330)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	89731.051	Direct
Common Stock Par Value $0.01 per share	3186.422	Indirect

Footnotes

F1: Includes 577.773 shares acquired since Mr. Alvarez's last Form 4, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.

F2: Includes 65.531 shares acquired since Mr. Alvarez's last Form 4, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.

F3: Reflects performance-based vesting of performance share units granted to the reporting person on February 27, 2015 and accrued dividend equivalents thereunder converted into restricted stock units ("RSUs"), in each case, subject to continued time-based vesting conditions.

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.