0001209191-13-008153.txt : 20130212
0001209191-13-008153.hdr.sgml : 20130212
20130212184147
ACCESSION NUMBER: 0001209191-13-008153
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130209
FILED AS OF DATE: 20130212
DATE AS OF CHANGE: 20130212
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hoyt Robert F
CENTRAL INDEX KEY: 0001535455
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09718
FILM NUMBER: 13598898
MAIL ADDRESS:
STREET 1: 249 FIFTH AVENUE, 1 PNC PLAZA
CITY: PITTSBURGH
STATE: PA
ZIP: 15222
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PNC FINANCIAL SERVICES GROUP, INC.
CENTRAL INDEX KEY: 0000713676
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 251435979
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE PNC PLAZA
STREET 2: 249 FIFTH AVENUE
CITY: PITTSBURGH
STATE: PA
ZIP: 15222
BUSINESS PHONE: 412-762-2000
MAIL ADDRESS:
STREET 1: ONE PNC PLAZA
STREET 2: 249 FIFTH AVENUE
CITY: PITTSBURGH
STATE: PA
ZIP: 15222
FORMER COMPANY:
FORMER CONFORMED NAME: PNC FINANCIAL SERVICES GROUP INC
DATE OF NAME CHANGE: 20000327
FORMER COMPANY:
FORMER CONFORMED NAME: PNC BANK CORP
DATE OF NAME CHANGE: 19930505
FORMER COMPANY:
FORMER CONFORMED NAME: PNC BANK CORP /PA/
DATE OF NAME CHANGE: 19930428
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2013-02-09
0
0000713676
PNC FINANCIAL SERVICES GROUP, INC.
PNC
0001535455
Hoyt Robert F
1 PNC PLAZA
249 FIFTH AVENUE
PITTSBURGH
PA
15222
0
1
0
0
Executive Vice President
$5 Par Common Stock
2013-02-09
4
F
0
543
63.5875
D
6427
D
$5 Par Common Stock
2013-02-09
4
A
0
806
0.00
A
7233
D
$5 Par Common Stock
2013-02-09
4
F
0
270
63.5875
D
6963
D
$5 Par Common Stock
2013-02-09
4
A
0
988
0.00
A
7951
D
$5 Par Common Stock
2013-02-09
4
F
0
331
63.5875
D
7620
D
$5 Par Common Stock
180
I
401(k) Plan
Shares have been withheld to satisfy tax liability resulting from the vesting of restricted stock.
On February 9, 2011, the Personnel and Compensation Committee of the PNC Board of Directors granted performance based restricted share units to the reporting person. The grants was expressed as a "target" number of share units, with payout contingent on PNC having achieved related performance criteria. The share units pay out, if at all, in shares of PNC Common Stock, with any accrued dividend equivalents being paid out in cash. Subject to the Committee's discretion, the target number of share units may be reduced (down to 75% of target) or increased (up to 125% of target), based on PNC's total shareholder return for the prior fiscal year. On January 28, 2013 the Committee approved the payout level of these units. The reporting person received the target amount of units (including dividend equivalents), plus 3.66% based on the total shareholder return for PNC for the year ended December 31, 2012, which resulted in the vesting of 806 shares of PNC Common Stock.
Shares have been withheld to cover the reporting person's tax liability in connection with the performance based restricted share units granted on February 9, 2011 and awarded on February 9, 2013.
On February 9, 2011, the Personnel and Compensation Committee of the PNC Board of Directors granted performance based restricted share units to the reporting person. The grants was expressed as a "target" number of share units, with payout contingent on PNC having achieved related performance criteria. The share units pay out, if at all, in shares of PNC Common Stock, with any accrued dividend equivalents being paid out in cash. Subject to the Committee's discretion, the target number of share units may be reduced (down to 75% of target) or increased (up to 125% of target), based on PNC's total shareholder return for the prior fiscal year. On January 28, 2013 the Committee approved the payout level of these units. The reporting person received the target amount of units (including dividend equivalents), plus 3.66% based on the total shareholder return for PNC for the year ended December 31, 2012, which resulted in the vesting of 988 shares of PNC Common Stock.
The amount of securities beneficially owned represents the number of shares of common stock indirectly held for the account of the reporting person under The PNC Financial Services Group, Inc. ("PNC") Incentive Savings Plan (the "ISP"). Shares of PNC common stock are not directly allocated to ISP participants, but instead are held in a unitized fund, approximately 98% of which consists of PNC common stock, and the remainder of which is invested in a money market fund. The percentage of assets in the unitized fund investment option that are deemed to be invested in PNC common stock may vary from time to time.
George P. Long, III Attorney-in-Fact for Robert F. Hoyt
2013-02-12