Sec Form 4 Filing - CARRION RICHARD L @ POPULAR INC - 2019-07-12

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
CARRION RICHARD L
2. Issuer Name and Ticker or Trading Symbol
POPULAR INC [ BPOP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
PO BOX 362708
3. Date of Earliest Transaction (MM/DD/YY)
07/12/2019
(Street)
SAN JUAN, PR00936-2708
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 Par Value $0.01 per share 192,313.141 ( 1 ) ( 2 ) D
Common Stock Par Value $0.01 per share 207 I by spouse ( 3 )
Common Stock Par Value $0.01 per share 3,222 I by son
Common Stock Par Value $0.01 per share 73,694 I Junior Investment ( 4 )
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
Restricted Stock Units ( 5 ) 07/12/2019 A 1,848 ( 6 ) ( 6 ) Common Stock Par Value $0.01 per share 1,848 $ 0 1,848 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CARRION RICHARD L
PO BOX 362708
SAN JUAN, PR00936-2708
X
Signatures
Marie Reyes-Rodriguez, Attorney-in-fact 07/16/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 444.151 shares acquired since Mr. Carrion's last Form 4, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
( 2 )Reflects a decrease of 0.803 shares resulting from the cash-out of a fractional share upon the distribution of securities under the Popular, Inc. Puerto Rico Savings and Investment Plan in a transaction exempt from Section 16 of the Securities Exchange Act.
( 3 )Shares held by the estate of Mr. Carrion's deceased spouse.
( 4 )Represents Mr. Carrion's indirect ownership in the shares of the Corporation owned by Junior Investment Corporation in which he has approximately 16.99% interest.
( 5 )Restricted stock units convert into common stock on a one-for-one basis.
( 6 )Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person on the 15th of August following the date of termination of service as a director.

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).
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