POPULAR, INC. — Director's Dealing 2020

Mar 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2020-02-27

Reporting Person: CARRION RICHARD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-27	Common Stock Par Value $0.01 per share	A	40766	$0.00	Acquired	233406	Direct
2020-02-27	Common Stock Par Value $0.01 per share	F	13454	$48.61	Disposed	219952	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	3222	Indirect
Common Stock Par Value $0.01 per share	207	Indirect
Common Stock Par Value $0.01 per share	73694	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock Par Value $0.01 per share (0)	1869	Direct

Footnotes

F1: Reflects a decrease of 0.251 shares resulting from the cash-out of a fractional share upon the distribution of securities under the Popular, Inc. Dividend Reinvestment and Stock Purchase Plan in a transaction exempt from Section 16 of the Securities Exchange Act.

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 20.4729% interest.

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 on the 15th of August following the date of termination of service as a director.