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PRUDENTIAL FINANCIAL INC — Director's Dealing 2014
Feb 13, 2014
30092_dirs_2014-02-13_4eff7ed4-4749-4269-84c1-631dc99e7fe2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PRUDENTIAL FINANCIAL INC (PRU)
CIK: 0001137774
Period of Report: 2014-02-11
Reporting Person: Blount Susan L (EVP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-02-11 | Common Stock | M | 5789 | — | Acquired | 32907 | Direct |
| 2014-02-11 | Common Stock | F | 1752 | $84.53 | Disposed | 31155 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-11 | 2014 Performance Shares | $0 | A | 8489 | Acquired | Common Stock (8489) | Direct | |
| 2014-02-11 | 2014 Employee Stock Option (Right to Buy) | $84.53 | A | 21646 | Acquired | 2024-02-11 | Common Stock (21646) | Direct |
| 2014-02-11 | 2011 Performance Shares | $0 | M | 4574 | Disposed | Common Stock (4574) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1434 | Indirect |
Footnotes
F1: The Compensation Committee awarded these shares, the grant of which was made on February 8, 2011, and originally reported on a Form 4 filed with the SEC on February 10, 2011, based upon performance relative to the annual goals for Return On Equity (ROE) and Earnings Per Share (EPS) during the 2011 through 2013 performance period.
F2: Represents shares withheld for the payment of taxes.
F3: Amount reported has been adjusted to include 4 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 30, 2013 and December 31, 2013 based on a plan statement dated December 31, 2013. The acquisition of such shares was exempt from Section 16 pursuant to Rules 16b-3(c) and 16a-3(f)(1)(i)(B).
F4: The performance shares convert to common stock on a 1 to 1 basis.
F5: Represents the target number of shares to be received relative to the Company's average ROE goals for the 2014 through 2016 performance period. The actual number of shares to be received will be determined by the Compensation Committee in February 2017.
F6: The options vest in three equal annual installments beginning on February 11, 2015.