AI assistant
PRUDENTIAL FINANCIAL INC — Director's Dealing 2015
Feb 12, 2015
30092_dirs_2015-02-12_97762732-cbbb-436a-a688-f557271782f1.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PRUDENTIAL FINANCIAL INC (PRU)
CIK: 0001137774
Period of Report: 2015-02-10
Reporting Person: FALZON ROBERT (EVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-10 | Common Stock | M | 2715 | — | Acquired | 24460 | Direct |
| 2015-02-10 | Common Stock | F | 858 | $78.08 | Disposed | 23602 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-10 | 2012 Performance Shares | $0 | M | 1810 | Disposed | Common Stock (1810) | Direct | |
| 2015-02-10 | 2015 Performance Shares | $0 | A | 10949 | Acquired | Common Stock (10949) | Direct | |
| 2015-02-10 | 2015 Employee Stock Option (Right to Buy) | $78.08 | A | 30319 | Acquired | 2025-02-10 | Common Stock (30319) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 453 | 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 3 filed with the SEC on March 12, 2013, 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: Amount reported has been adjusted to include 56 shares of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between December 31, 2013 and December 31, 2014 based on a plan statement dated December 31, 2014. 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 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.