X0201 4 2004-01-16 0 0000763901 POPULAR INC BPOP 0001217331 CHAFEY DAVID H JR PO BOX 362708 SAN JUAN PR 00936-2708 PUERTO RICO 1 1 0 0 Sr EVP Stock Option (Right to Buy) 48.10 2004-01-16 2004-01-16 4 A 0 38654.00 48.10 A 2005-01-16 2014-01-16 Common Stock Par Value $6 per share 38654.00 38654.00 D Becomes exercisable in equal installments on each of the first five anniversaries of January 16, 2005. Total Popular, Inc Stock Options owned by Mr. Chafey - 102,993 David H Chafey, Jr. 2004-01-21