POPULAR, INC. — Director's Dealing 2020

Feb 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2020-02-24

Reporting Person: Ferre Maria Luisa (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-24	8.25% Non-Cumulative Monthly Income Preferred Stock Series B	J	4175	$25.1375	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	35086.923	Direct
Common Stock Par Value $0.01 per share	12139	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock Par Value $0.01 per share (2202)	2202	Direct

Footnotes

F1: On February 24, 2020, Popular, Inc. redeemed all outstanding shares of its 8.25% Non-Cumulative Monthly Income Preferred Stock Series B (the "Series B Preferred Stock"). All holders of the Series B Preferred Stock, including the reporting person, were required to have such preferred stock redeemed on February 24, 2020. The redemption price was equal to $25.00 per share plus accumulated and unpaid dividends to, and including, the redemption date, for a total payment per share in the amount of $25.1375.

F2: Ms. Ferre is the President and a Trustee of the Luis A. Ferre Foundation, Inc.

F3: Restricted stock units converted into common stock on a one-for-one basis.

F4: 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 director.