Statement of Changes in Beneficial Ownership (4)
November 18 2016 - 11:49AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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
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1. Name and Address of Reporting Person
*
HOYT JEFFREY
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2. Issuer Name
and
Ticker or Trading Symbol
People's United Financial, Inc.
[
PBCT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Chief Accounting Officer
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(Last)
(First)
(Middle)
PEOPLES UNITED BANK, 850 MAIN STREET
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3. Date of Earliest Transaction
(MM/DD/YYYY)
11/17/2016
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(Street)
BRIDGEPORT, CT 06604
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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11/17/2016
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M
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1600.00
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A
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$16.61
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24588.00
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D
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Common Stock
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11/17/2016
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M
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2200.00
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A
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$16.61
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26788.00
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D
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Common Stock
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11/17/2016
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M
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4279.00
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A
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$16.94
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31067.00
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D
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Common Stock
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11/17/2016
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M
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6097.00
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A
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$16.575
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37164.00
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D
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Common Stock
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11/17/2016
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S
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14176.00
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D
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$18.277
(1)
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22988.00
(2)
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Option to Buy
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$16.61
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11/17/2016
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M
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1600.00
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(3)
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11/15/2017
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Common Stock
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1600.00
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$0.00
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2200.00
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D
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Employee Option to Buy
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$16.61
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11/17/2016
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M
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2200.00
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(3)
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11/15/2017
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Common Stock
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2200.00
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$0.00
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0.00
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D
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Employee Option to Buy
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$16.94
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11/17/2016
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M
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4279.00
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(4)
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2/21/2018
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Common Stock
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4279.00
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$0.00
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0.00
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D
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Employee Option to Buy
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$16.575
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11/17/2016
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M
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6097.00
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(5)
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1/22/2019
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Common Stock
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6097.00
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$0.00
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0.00
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D
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Explanation of Responses:
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(
1)
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This transaction was executed in multiple trades at prices ranging from $18.27 to $18.28. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request by the SEC staff, People's United Financial, Inc. or a shareholder of People's United Financial, Inc. full information regarding the number of shares and prices at which the transaction was effected.
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(
2)
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Includes 2,804 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 30 shares acquired through dividend reinvestment). Information is based on the 9/30/2016 Plan statement.
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(
3)
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Exercisable in annual increments beginning on the second anniversary (50%); third anniversary (25%); and fourth anniversary (25%).
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(
4)
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Exercisable in annual increments on 2/1/2010 (50%); 2/1/2011 (25%); and 2/1/2012 (25%).
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(
5)
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Exercisable in annual increments on 2/1/2011 (50%); 2/1/2012 (25%); and 2/1/2013 (25%).
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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HOYT JEFFREY
PEOPLES UNITED BANK
850 MAIN STREET
BRIDGEPORT, CT 06604
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Chief Accounting Officer
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Signatures
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/s/ Jeffrey A. Hoyt
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11/17/2016
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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