Filing Details

Accession Number:
0000801337-13-000104
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-08-16 12:42:43
Reporting Period:
2013-08-14
Filing Date:
2013-08-16
Accepted Time:
2013-08-16 12:42:43
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
801337 Webster Financial Corp WBS National Commercial Banks (6021) 061187536
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1201277 Copenhaver James Smith C/O Webster Financial Corp
145 Bank Street
Waterbury CT 06702
Chairman & Chief Executive Off Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2013-08-14 7,500 $26.92 304,875 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Phantom Stock Acquisiton 2013-08-15 2,254 $26.80 2,254 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
188,802 No 4 A Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 24,093 Indirect By Grantor Retained Annuity Trust
Common Stock 120,632 Indirect 401(k)/ESOP
Common Stock 7,997 Indirect Directly by Spouse
Common Stock 5,698 Indirect Directly by Spouse IRA
Common Stock 211,336 Indirect Trust for Children
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Option $45.55 2004-12-15 2013-12-15 65,728 65,728 Direct
Common Stock Stock Option $49.62 2005-12-20 2014-12-20 60,707 60,707 Direct
Common Stock Stock Option $47.40 2006-12-20 2015-12-20 47,182 47,182 Direct
Common Stock Stock Option $48.88 2007-12-19 2016-12-19 64,483 64,483 Direct
Common Stock Stock Option $32.03 2008-12-18 2017-12-18 106,199 106,199 Direct
Common Stock Stock Option $12.85 2009-12-16 2018-12-16 213,674 213,674 Direct
Common Stock Stock Option $23.81 2013-02-22 2022-02-22 112,371 112,371 Direct
Common Stock Stock Option $23.00 2014-02-20 2023-02-20 126,373 126,373 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2013-12-15 65,728 65,728 Direct
2014-12-20 60,707 60,707 Direct
2015-12-20 47,182 47,182 Direct
2016-12-19 64,483 64,483 Direct
2017-12-18 106,199 106,199 Direct
2018-12-16 213,674 213,674 Direct
2022-02-22 112,371 112,371 Direct
2023-02-20 126,373 126,373 Direct
Footnotes
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 22, 2012.
  2. 4 yr. incremental vesting - 25% vests each year for 4 years.
  3. 3 yr. incremental vesting - 33-1/3% vests each year for 3 years.
  4. 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.
  5. Shares of phantom stock are payable in shares or in cash following termination of the reporting person's employment with Webster Financial Corporation.