TORO RICARDO 4
4 · POPULAR INC · Filed Feb 23, 2011
Insider Transaction Report
Form 4
POPULAR INCBPOP
TORO RICARDO
EXECUTIVE VICE PRESIDENT
Transactions
- Other
Common Stock Par Value $0.01 per share
2011-02-18+38,366→ 83,693 total
Footnotes (1)
- [F1]Issued pursuant to the Popular, Inc. 2004 Omnibus Incentive Plan consistent with the requirements of the TARP Interim Final Rule. The shares will vest on the second anniversary of the grant date. In order to be transferable, the Corporation must have achieved profitability for at least one fiscal year. Once the profitability condition is obtained, the restricted stock will be transferable in 25% increments in accordance with the Corporation's repayment of the TARP funds.