SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SMITH JAMES COPENHAVER

(Last)

(First)

(Middle)

C/O WEBSTER FINANCIAL CORP

145 BANK STREET

(Street)

WATERBURY

06702

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
WEBSTER FINANCIAL CORP [ WBS ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman & Chief Executive Off

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2010

4. If Amendment, Date of 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

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	12/09/2010		A		1,800⁽¹⁾	A	$18	210,969	D
Common Stock	12/09/2010		F		127⁽²⁾	D	$18	210,842	D
Common Stock								231,243	I	By Grantor Retained Annuity Trust
Common Stock								109,732	I	401(k)/ESOP
Common Stock								7,997	I	Directly by Spouse
Common Stock								5,698	I	Directly by Spouse IRA
Common Stock								63,546	I	Trust for Children

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$29.84							12/17/2004	12/17/2011	Common Stock	61,975		61,975	D
Stock Option	$34.6							12/16/2003⁽³⁾	12/16/2012	Common Stock	62,525		62,525	D
Stock Option	$45.55							12/15/2004⁽³⁾	12/15/2013	Common Stock	65,728		65,728	D
Stock Option	$49.62							12/20/2005⁽³⁾	12/20/2014	Common Stock	60,707		60,707	D
Stock Option	$47.4							12/20/2006⁽³⁾	12/20/2015	Common Stock	47,182		47,182	D
Stock Option	$48.88							12/19/2007⁽³⁾	12/19/2016	Common Stock	64,483		64,483	D
Stock Option	$32.03							12/18/2008⁽³⁾	12/18/2017	Common Stock	106,199		106,199	D
Stock Option	$12.85							12/16/2009⁽³⁾	12/16/2018	Common Stock	213,674		213,674	D
Phantom Stock	⁽⁴⁾							⁽⁵⁾	⁽⁵⁾	Common Stock	109,326		109,326	I	By Deferred Compensation Plan

Explanation of Responses:

1. Shares purchased as part of the Stock in Lieu of Salary Program.

2. Shares withheld for taxes as part of the Stock in Lieu of Salary Program.

3. 4 yr. incremental vesting - 25% vests each year for 4 years.

4. Each share of phantom stock represents the right to receive one share of Webster Financial Corporation common stock or the cash value thereof. These shares are held in the Webster Deferred Compensation Plan.

5. Shares of phantom stock are payable in shares or in cash following termination of the reporting person's employment with Webster Financial Corporation.

Remarks:

	Renee P. Seefried by Power of Attorney	12/10/2010
	** Signature of Reporting Person	Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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