Form Type: 4

SEC EDGAR Link
Accession Number:0001562180-22-003097
Date:2022-04-01
Issuer: PEOPLE'S UNITED FINANCIAL, INC. (PBCT)
Original Submission Date:

Reporting Person:

RICHARDS MARK W
353 PARK LAUGHTON ROAD
EAST DUMMERSTON, VT 05346

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-04-01 D 259,430 d $0.00 0 direct
COMMON STOCK 2022-04-01 D 67,061 d $0.00 0 indirect
COMMON STOCK 2022-04-01 D 4,768 d $0.00 0 indirect
SERIES A NONCONVERTIBLE PERPETUAL PREFERRED STOCK 2022-04-01 D 8,000 d $0.00 0 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 on april 1, 2022, pursuant to an agreement and plan of merger (the "merger agreement"), bridge merger corp. ("merger sub"), a direct, wholly owned subsidiary of m&t bank corporation ("m&t"), merged with and into people's united financial, inc., a delaware corporation ("people's united") with people's united as the surviving entity (the "merger") and people's united then merged with and into m&t, with m&t as the surviving entity. pursuant to the merger agreement, each issued and outstanding share of people's united common stock, including each restricted share award held by non-employee directors, was converted into the right to receive 0.118 of a share of m&t (the "exchange ratio").
f2 includes 66,356 investment units accrued under the chittenden corporation deferred compensation plan (including 569 units accrued due to the deemed reinvestment of dividend equivalents and reflecting settlement of 19,816 investment units by delivery of equal number of shares of common stock on january 21, 2022). each investment unit corresponds to one share of common stock.
f3 pursuant to the merger agreement, at the effective time of the merger, each outstanding share of fixed-to-floating rate non-cumulative perpetual preferred stock, series a, of people's united, was converted into the right to receive a share of m&t's perpetual fixed-to-floating rate non-cumulative preferred stock, series h.
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