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WEBSTER FINANCIAL CORP — Director's Dealing 2017
Oct 31, 2017
30588_dirs_2017-10-31_36792021-69e3-410f-b6d5-bdf73ac6e538.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WEBSTER FINANCIAL CORP (WBS)
CIK: 0000801337
Period of Report: 2017-10-27
Reporting Person: SMITH JAMES COPENHAVER (Director, Chairman & Chief Executive Off)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-10-27 | Common Stock | M | 1561 | $32.03 | Acquired | 316103 | Direct |
| 2017-10-27 | Common Stock | M | 3891 | $12.85 | Acquired | 319994 | Direct |
| 2017-10-27 | Common Stock | M | 12597 | $23.81 | Acquired | 332591 | Direct |
| 2017-10-27 | Common Stock | M | 4347 | $23.00 | Acquired | 336938 | Direct |
| 2017-10-27 | Common Stock | S | 8943 | $55.9343 | Disposed | 327995 | Direct |
| 2017-10-30 | Common Stock | M | 26434 | $32.03 | Acquired | 354429 | Direct |
| 2017-10-30 | Common Stock | F | 20697 | $55.70 | Disposed | 333732 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-10-27 | Stock Option | $32.03 | M | 1561 | Disposed | 2017-12-18 | Common Stock (1561) | Direct |
| 2017-10-27 | Stock Option | $12.85 | M | 3891 | Disposed | 2018-12-16 | Common Stock (3891) | Direct |
| 2017-10-27 | Stock Option | $23.81 | M | 12597 | Disposed | 2022-02-22 | Common Stock (12597) | Direct |
| 2017-10-27 | Stock Option | $23.00 | M | 4347 | Disposed | 2023-02-20 | Common Stock (4347) | Direct |
| 2017-10-30 | Stock Option | $32.03 | M | 26434 | Disposed | 2017-12-18 | Common Stock (26434) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 139922 | Indirect |
| Common Stock | 10554 | Indirect |
| Common Stock | 5698 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock | $ | Common Stock (236204) | 236204 | Indirect |
Footnotes
F1: The reporting person used 8,943 shares of Webster Common Stock to cover the exercise prices. The shares sold at prices between $55.90 and $55.96. Full information regarding the number of shares sold at each separate price will be proviced upon request.
F2: 4 yr. incremental vesting - 25% vests each year for 4 years.
F3: 3 yr. incremental vesting - 33-1/3% vests each year for 3 years.
F4: Each share of phantom stock represents the right to receive one share of Webster Financial Corporation common stock or the cash value thereof. These shares are held in the Webster Deferred Compensation Plan.
F5: Shares of phantom stock are payable in shares or in cash following termination of the reporting person's employment with Webster Financial Corporation.