Sec Form 4 Filing - CIULLA JOHN R @ WEBSTER FINANCIAL CORP - 2017-01-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
CIULLA JOHN R
2. Issuer Name and Ticker or Trading Symbol
WEBSTER FINANCIAL CORP [ WBS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President
(Last) (First) (Middle)
C/O WEBSTER FINANCIAL CORP, 145 BANK STREET
3. Date of Earliest Transaction (MM/DD/YY)
01/24/2017
(Street)
WATERBURY, CT06702
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/24/2017 S 5,000 D $ 53.0522 ( 1 ) 39,686 D
Common Stock 01/25/2017 M 11,579 A $ 43.26 51,265 D
Common Stock 01/25/2017 S 10,129 D $ 54.3065 ( 2 ) 41,136 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) ( D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 43.26 01/25/2017 M 11,579 09/18/2008( 3 ) 09/18/2017 Common Stock 11,579 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CIULLA JOHN R
C/O WEBSTER FINANCIAL CORP
145 BANK STREET
WATERBURY, CT06702
President
Signatures
Renee P. Seefried by Power of Attorney 01/26/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person sold 5,000 shares of Webster Common Stock at prices ranging from $52.98 to $53.09. Full information regarding the number of shares sold at each separate price will be provided upon request.
( 2 )The reporting person sold 10,129 shares of Webster Common Stock in a sell-to-cover stock option exercise at prices ranging from $54.27 to $54.41. Full information regarding the number of shares sold at each separate price will be provided upon request.
( 3 )4 yr. incremental vesting - 25% vests each year for 4 years.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** 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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