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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SMITH JAMES COPENHAVER
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
(Last)          (First)          (Middle)

C/O WEBSTER FINANCIAL CORP, 145 BANK STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

4/12/2016
(Street)

WATERBURY, CT 06702
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  345432   (1) D  
 
Common Stock   4/13/2016     G   V 7914   (2) D $0   0   I   By Grantor Retained Annuity Trust  
Common Stock                  134908   I   401(k)/ESOP  
Common Stock                  10554   I   Directly by Spouse  
Common Stock                  5698   I   Directly by Spouse IRA  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Stock Option   $48.88                    12/19/2007   (3) 12/19/2016   Common Stock   64483     64483   D  
 
Stock Option   $32.03                    12/18/2008   (3) 12/18/2017   Common Stock   106199     106199   D  
 
Stock Option   $12.85                    12/16/2009   (3) 12/16/2018   Common Stock   163674     163674   D  
 
Stock Option   $23.81                    2/22/2013   (4) 2/22/2022   Common Stock   112371     112371   D  
 
Stock Option   $23.00                    2/20/2014   (4) 2/20/2023   Common Stock   126373     126373   D  
 
Phantom Stock     (5)                    (6)   (6) Common Stock   227178     227178   I   By Deferred Compensation Plan  

Explanation of Responses:
( 1)  Includes 5,129 shares transferred from the Grantor Retained Annuity Trust on April 12, 2016.
( 2)  The remaining shares in the Grantor Retained Annuity Trust were gifted.
( 3)  4 yr. incremental vesting - 25% vests each year for 4 years.
( 4)  3 yr. incremental vesting - 33-1/3% vests each year for 3 years.
( 5)  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.
( 6)  Shares of phantom stock are payable in shares or in cash following termination of the reporting person's employment with Webster Financial Corporation.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SMITH JAMES COPENHAVER
C/O WEBSTER FINANCIAL CORP
145 BANK STREET
WATERBURY, CT 06702
X
Chairman & Chief Executive Off

Signatures
Renee P. Seefried by Power of Attorney 5/12/2016
** 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.
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.
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