POPULAR, INC. — Director's Dealing 2019

May 9, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2019-05-07

Reporting Person: BALLESTER ALEJANDRO M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-07	Restricted Stock Units	$	A	2165	Acquired		Common Stock Par Value $0.01 per share (2165)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	22986.742	Direct
Common Stock Par Value $0.01 per share	498.731	Indirect
Common Stock Par Value $0.01 per share	304.691	Indirect

Footnotes

F1: Includes 229.623 shares acquired since Mr. Ballester's last Form 5, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.

F2: Includes 4.994 shares acquired since Mr. Ballester's last Form 5, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.

F3: Includes 3.043 shares acquired since Mr. Ballester's last Form 5, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.

F4: Restricted stock units convert into common stock on a one-for-one basis.

F5: Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.