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PRUDENTIAL FINANCIAL INC — Director's Dealing 2015
Feb 12, 2015
30092_dirs_2015-02-12_0094df60-a6dc-47c0-90f1-2f8db8bd8ffb.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: 2015-02-10
Reporting Person: STRANGFELD JOHN R JR (Director, Chief Executive Officer, Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-10 | Common Stock | M | 46155 | — | Acquired | 357491 | Direct |
| 2015-02-10 | Common Stock | F | 19103 | $78.08 | Disposed | 338388 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-10 | 2012 Performance Shares | $0 | M | 30770 | Disposed | Common Stock (30770) | Direct | |
| 2015-02-10 | 2015 Performance Shares | $0 | A | 31022 | Acquired | Common Stock (31022) | Direct | |
| 2015-02-10 | 2015 Employee Stock Option (Right to Buy) | $78.08 | A | 85902 | Acquired | 2025-02-10 | Common Stock (85902) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1559 | Indirect |
| Common Stock | 579 | Indirect |
Footnotes
F1: The Compensation Committee awarded these shares, the grant of which was made on February 14, 2012, and originally reported on a Form 4 filed with the SEC on February 16, 2012, based upon performance relative to the average Return On Equity (ROE) goals during the 2012 through 2014 performance period.
F2: Represents shares withheld for the payment of taxes.
F3: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.
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 2015 through 2017 performance period and relative performance against certain life insurance peer companies. The actual number of shares to be received will be determined by the Compensation Committee in February 2018.
F6: The options vest in three equal annual installments beginning on February 10, 2016.