Initial Statement of Beneficial Ownership (3)

Date : 12/04/2019 @ 6:58PM
Source : Edgar (US Regulatory)
Stock : Prudential Financial Inc (PRU)
Quote : 87.83  -4.77 (-5.15%) @ 1:00AM
After Hours
Last Trade
Last $ 88.20 ▲ 0.37 (0.42%)

Initial Statement of Beneficial Ownership (3)

FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SULLIVAN ANDREW F
2. Date of Event Requiring Statement (MM/DD/YYYY)
12/1/2019 

3. Issuer Name and Ticker or Trading Symbol

PRUDENTIAL FINANCIAL INC [PRU]
(Last)        (First)        (Middle)

751 BROAD STREET, 4TH FLOOR, ATTN: CORPORATE COMPLIANCE
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
Executive Vice President /
(Street)

NEWARK, NJ 07102      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 7517 D  
Common Stock 338 I By 401(k) 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
2015 Employee Stock Option (Right to Buy)  (1)2/10/2025 Common Stock 826 $78.08 D  
5/15/15 Employee Stock Option (Right to Buy)  (2)5/15/2025 Common Stock 344 $85.46 D  
10/13/15 Employee Stock Option (Right to Buy)  (3)10/13/2025 Common Stock 749 $77.15 D  
2016 Employee Stock Option (Right to Buy)  (4)2/9/2026 Common Stock 2524 $63.59 D  
2017 Employee Stock Option (Right to Buy)  (5)2/14/2027 Common Stock 2577 $110.45 D  
2017 Performance Shares  (6) (6)Common Stock 1992 $0 (7)D  
10/2/17 Employee Stock Option (Right to Buy)  (8)10/2/2027 Common Stock 1128 $107.28 D  
10/2/2017 Performance Shares  (6) (6)Common Stock 872 $0 (7)D  
2018 Employee Stock Option (Right to Buy)  (9)2/13/2028 Common Stock 3251 $106.89 D  
2018 Performance Shares  (10) (10)Common Stock 2462 $0 (7)D  
2019 Employee Stock Option (Right to Buy)  (11)2/12/2029 Common Stock 7022 $93.36 D  
2019 Performance Shares  (12) (12)Common Stock 4499 $0 (7)D  
Deferred Compensation Shares  (13) (13)Common Stock 1574 $0 (14)D  

Explanation of Responses:
(1) The options vest in three equal annual installments beginning February 10, 2016.
(2) The options vest in three equal annual installments beginning on May 15, 2016.
(3) The options vest in three equal annual installments beginning on October 13, 2016.
(4) The options vest in three equal annual installments beginning on February 9, 2017.
(5) The options vest in three equal annual installments beginning on February 14, 2018.
(6) 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.
(7) The performance shares convert to common stock on a 1 to 1 basis.
(8) The options vest in three equal annual installments beginning on October 2, 2018.
(9) The options vest in three equal annual installments beginning on February 13, 2019.
(10) 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 2018 through 2020 performance period. The actual number of shares to be received will be determined by the Compensation Committee in February 2021.
(11) The options vest in three equal annual installments beginning on February 12, 2020.
(12) 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 2019 through 2021 performance period. The actual number of shares to be received will be determined by the Compensation Committee in February 2022.
(13) Deferred Compensation Shares are deemed immediately exercisable and are payable in cash at a date selected by the participant.
(14) Deferred Compensation Shares are based on unitized accounting and convert to common stock on a 1 to 1 basis.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
SULLIVAN ANDREW F
751 BROAD STREET, 4TH FLOOR
ATTN: CORPORATE COMPLIANCE
NEWARK, NJ 07102


Executive Vice President

Signatures
/s/Andrew Hughes, attorney-in-fact12/4/2019
**Signature of Reporting PersonDate

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