4//SEC Filing
Burns Kenneth F 4
Accession 0001567619-18-003613
CIK 0001511198other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 11:39 AM ET
Size
17.2 KB
Accession
0001567619-18-003613
Insider Transaction Report
Form 4
Burns Kenneth F
EVP, Director Retail Banking
Transactions
- Disposition to Issuer
Restricted Stock Units
2018-10-01−2,485→ 0 totalExercise: $24.45From: 2020-02-21Exp: 2020-02-21→ Common Stock (2,485 underlying) - Disposition to Issuer
Common Stock
2018-10-01−25,329→ 0 total - Disposition to Issuer
Restricted Stock Units
2018-10-01−1,610→ 0 totalExercise: $25.05From: 2019-02-28Exp: 2021-02-28→ Common Stock (1,610 underlying) - Disposition to Issuer
Restricted Stock Units
2018-10-01−828→ 0 totalExercise: $25.75From: 2018-02-21Exp: 2020-02-21→ Common Stock (828 underlying) - Disposition to Issuer
Restricted Stock Units
2018-10-01−2,498→ 0 totalExercise: $25.05From: 2021-02-28Exp: 2021-02-28→ Common Stock (2,498 underlying) - Disposition to Issuer
Common Stock
2018-10-01−3,730→ 0 total(indirect: By IRA) - Disposition to Issuer
Common Stock
2018-10-01−6,879→ 0 total(indirect: ESOP)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of June 18, 2018 (the "Merger Agreement"), by and between First Connecticut Bancorp, Inc. ("FCB") and People's United Financial, Inc. ("People's United"), in exchange for 1.725 shares of common stock of People's United ("People's United Common Stock") per share of common stock of FCB ("FCB Common Stock"), having a market value per share of FCB of $29.0835 (based on the value of 1.725 shares of People's United Common Stock at the close of trading on October 1, 2018, the closing date of the merger), with cash payable in lieu of any fractional shares.
- [F2]Pursuant to the Merger Agreement, each FCB performance-based restricted stock unit ("PSU"), whether or not then vested or free of conditions to payment, was cancelled and converted automatically into the right to receive a number of shares of People's United Common Stock equal to the product of (i) the number of shares of FCB Common Stock subject to such PSU at the target level of performance applicable to such PSU, as determined in accordance with the applicable award agreement pursuant to which such PSU was granted multiplied by (ii) 1.725, with cash payable in lieu of fractional shares.
Documents
Issuer
First Connecticut Bancorp, Inc.
CIK 0001511198
Entity typeother
Related Parties
1- filerCIK 0001522909
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 11:39 AM ET
- Size
- 17.2 KB