Edgar Filing: People's United Financial, Inc.

Ownership Submission

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 OF SECURITIES

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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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Dreyer Brian F

2. Issuer Name and Ticker or Trading Symbol
People's United Financial, Inc. [PBCT]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Executive Vice President

(Last)

(First)

(Middle)

C/O PEOPLE'S BANK, 850 MAIN STREET

3. Date of Earliest Transaction (Month/Day/Year)
10/22/2007

(Street)

BRIDGEPORT, CT 06604

4. If Amendment, Date Original Filed(Month/Day/Year)

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 (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/23/2007		M		8,505	A	$ 4.782	166,946	D
Common Stock	10/23/2007		M		29,768	A	$ 5.3143	196,714	D
Common Stock	10/23/2007		M		31,893	A	$ 9.4466	228,607	D
Common Stock	10/23/2007		M		16,065	A	$ 12.0223	244,672	D
Common Stock	10/23/2007		S		5,500	D	$ 18.18	239,172	D
Common Stock	10/23/2007		S		4,001	D	$ 18.19	235,171	D
Common Stock	10/23/2007		S		5,800	D	$ 18.2	229,371	D
Common Stock	10/23/2007		S		3,600	D	$ 18.21	225,771	D
Common Stock	10/23/2007		S		7,100	D	$ 18.22	218,671	D
Common Stock	10/23/2007		S		1,500	D	$ 18.23	217,171	D
Common Stock	10/23/2007		S		3,899	D	$ 18.24	213,272	D
Common Stock	10/23/2007		S		4,700	D	$ 18.25	208,572	D
Common Stock	10/23/2007		S		37,600	D	$ 18.26	170,972	D
Common Stock	10/23/2007		S		6,513	D	$ 18.27	164,459	D
Common Stock	10/23/2007		S		2,918	D	$ 18.28	161,541	D
Common Stock	10/23/2007		S		3,100	D	$ 18.29	158,441 ⁽¹⁾	D
Common Stock	10/22/2007		M		3,900	A	$ 5.3143	36,022	I	By Spouse
Common Stock	10/22/2007		M		3,071	A	$ 9.4466	39,922	I	By Spouse
Common Stock	10/22/2007		M		3,544	A	$ 12.0223	43,466	I	By Spouse
Common Stock	10/22/2007		S		1,800	D	$ 17.89	41,666	I	By Spouse
Common Stock	10/22/2007		S		8,100	D	$ 17.9	33,566	I	By Spouse
Common Stock	10/22/2007		S		615	D	$ 17.91	32,951	I	By Spouse
Common Stock	10/23/2007		S		2,402	D	$ 17.91	30,549 ⁽²⁾	I	By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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
(Month/Day/Year)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Option to Buy

$ 4.782

10/23/2007

8,505

⁽³⁾

02/21/2012

Common Stock

8,505

$ 0

Employee Option to Buy

$ 5.3143

10/23/2007

29,768

⁽³⁾

02/20/2013

Common Stock

29,768

$ 0

Employee Option to Buy

$ 9.4466

10/23/2007

31,893

⁽³⁾

02/19/2014

Common Stock

31,893

$ 0

10,632

Employee Option to Buy

$ 12.0223

10/23/2007

16,065

⁽³⁾

02/17/2015

Common Stock

16,065

$ 0

16,065

Employee Option to Buy

$ 5.3143

10/22/2007

3,900

⁽³⁾

02/20/2013

Common Stock

3,900

$ 0

By Spouse

Employee Option to Buy

$ 9.4466

10/22/2007

3,071

⁽³⁾

02/19/2014

Common Stock

3,071

$ 0

3,072

By Spouse

Employee Option to Buy

$ 12.0223

10/22/2007

3,544

⁽³⁾

02/17/2015

Common Stock

3,544

$ 0

3,544

By Spouse

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Dreyer Brian F C/O PEOPLE'S BANK 850 MAIN STREET BRIDGEPORT, CT 06604			Executive Vice President

Signatures

/s/ Brian F. Dreyer		10/23/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Includes 523 shares owned indirectly through the People's United Bank 401(k) Plan (including 8 shares acquired through dividend reinvestment). Also includes 2,376 investment units accrued under the People's United Bank excess benefits plan. Information is based on 9/30/2007 Plan statement.
(2)	Includes 14,094 shares owned indirectly through the People's United Bank 401(k) Plan (including 208 shares acquired through dividend reinvestment). Also includes 11,950 investment units accured under the People's United Bank excess benefits plan. Information is based on 9/30/07 Plan statement.
(3)	Not subject to previously reported periodic vesting due to discretionary acceleration in December 2005.

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