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POPULAR, INC. — Director's Dealing 2019
Jan 29, 2019
30696_dirs_2019-01-29_a8d4ceb4-bcff-45f4-9766-7a1314d9f884.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: 2019-01-25
Reporting Person: Burckhart Camille (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-01-27 | Common Stock Par Value $0.01 per share | M | 3592 | — | Acquired | 21589.222 | Direct |
| 2019-01-27 | Common Stock Par Value $0.01 per share | F | 983 | $53.48 | Disposed | 20606.222 | Direct |
| 2019-01-27 | Common Stock Par Value $0.01 per share | F | 280 | $53.48 | Disposed | 20326.222 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-01-25 | Restricted Stock Units | $0.00 | A | 3592 | Acquired | Common Stock Par Value $0.01 per share (3592) | Direct | |
| 2019-01-27 | Restricted Stock Units | $ | M | 3592 | Disposed | Common Stock Par Value $0.01 per share (3592) | Direct |
Footnotes
F1: Restricted Stock Units convert into an equivalent number of shares of Common Stock.
F2: Includes 158.554 shares acquired since Ms. Burckhart'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 January 27, 2016 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 January 27, 2019. Upon vesting, restricted stock units are converted into an equivalent number of shares of Common Stock that are distributed to the reporting person.
F5: On January 25, 2019, 3,592 performance share units granted to the reporting person on January 27, 2016 were converted into restricted stock units upon their performance-based vesting. The restricted stock units remained subject to continued time-based vesting conditions through January 27, 2019.