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PRUDENTIAL FINANCIAL INC — Director's Dealing 2017
Feb 16, 2017
30092_dirs_2017-02-16_43c7a167-3c0c-4a66-a43d-dc3adebf04a1.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: 2017-02-14
Reporting Person: Pelletier Stephen (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-14 | Common Stock | M | 12922 | — | Acquired | 15486 | Direct |
| 2017-02-14 | Common Stock | F | 5457 | $110.45 | Disposed | 10029 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-14 | 2014 Performance Shares | $0 | M | 5094 | Disposed | Common Stock (5094) | Direct | |
| 2017-02-14 | 2017 Employee Stock Option (Right to Buy) | $110.45 | A | 33125 | Acquired | 2027-02-14 | Common Stock (33125) | Direct |
| 2017-02-14 | 2017 Performance Shares | $ | A | 12803 | Acquired | Common Stock (12803) | Direct | |
| 2017-02-14 | 4/7/2014 Performance Shares | $0 | M | 5243 | Disposed | Common Stock (5243) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 582 | Indirect |
| Common Stock | 0 | Indirect |
Footnotes
F1: The Compensation Committee awarded these shares, the grant of which was made on February 11, 2014 and April 7, 2014, respectively, and originally reported on a Form 3 and Form 4 filed with the SEC on April 9, 2014, based upon performance relative to the average Return On Equity (ROE) goals during the 2014 through 2016 performance period.
F2: Represents shares withheld for the payment of taxes.
F3: Amount reported has been adjusted to include 1 share of Issuer common stock acquired by the reporting person under The Prudential Employee Savings Plan between September 30, 2016 and December 31, 2016 based on a plan statement dated December 31, 2016. 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 options vest in three equal annual installments beginning on February 14, 2018.
F5: The performance shares convert to common stock on a 1 to 1 basis.
F6: Represents the target number of shares to be received relative to the Company's average ROE goals and relative to the ROE achievement of certain life insurance peer companies for the 2017 through 2019 performance period. The actual number of shares to be received will be determined by the Compensation Committee in February 2020.