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POPULAR, INC. — Director's Dealing 2020
Apr 3, 2020
30696_dirs_2020-04-03_097ca28b-12e8-4249-980f-28106c5f796a.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: 2020-04-01
Reporting Person: BALLESTER ALEJANDRO M (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-04-01 | Restricted Stock Units | $ | A | 27 | Acquired | Common Stock Par Value $0.01 per share (27) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock Par Value $0.01 per share | 23564.208 | Direct |
| Common Stock Par Value $0.01 per share | 512.421 | Indirect |
| Common Stock Par Value $0.01 per share | 312.352 | Indirect |
Footnotes
F1: Reflects a decrease of 0.441 shares that were included in prior filings as a result of the rounding of reinvested dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
F2: Includes 241.233 shares acquired pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
F3: Includes 5.246 shares acquired pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
F4: Includes 3.198 shares acquired pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
F5: Restricted stock units convert into common stock on a one-for-one basis.
F6: Reflects Restricted Stock Units (RSUs") received by the reporting person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the reporting person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to ordinary shareholders. Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs.
F7: 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.