Option-related selling at National Bank of Canada (NA)

Option-related selling at National Bank of Canada (T:NA)

The following insiders exercised Options and sold Common Shares:

Louis Vachon, CEO and Director, disposed of 219,696 Common Shares on a direct ownership basis at prices ranging from $63.261 to $63.980 between December 4th, 2017 and December 6th, 2017. This represents a $13,963,541 divestment of the company's shares and an account share holdings change of -61.8%.

Ricardo Pascoe, a Senior Officer, disposed of 85,440 Common Shares on a direct ownership basis at prices ranging from $63.250 to $63.950 between December 4th and 5th, 2017. This represents a $5,430,069 divestment of the company's shares and an account share holdings change of -84.3%.

Lynn Jeanniot, a Senior Officer, disposed of 70,844 Common Shares on a direct ownership basis at a price of $64.020 on December 4th, 2017. This represents a $4,535,433 divestment of the company's shares and an account share holdings change of -90.5%.

William Bonnell, a Senior Officer, disposed of 40,952 Common Shares on a direct ownership basis at prices ranging from $63.750 to $63.780 on December 4th, 2017. This represents a $2,611,136 divestment of the company's shares and an account share holdings change of -88.6%.

Diane Giard, a Senior Officer, disposed of 40,000 Common Shares on a direct ownership basis at a price of $64.010 on December 4th, 2017. This represents a $2,560,400 divestment of the company's shares and an account share holdings change of -88.6%.

Ghislain Parent, CFO, disposed of 30,000 Common Shares on a direct ownership basis at prices ranging from $63.810 to $64.000 on December 4th, 2017. This represents a $1,918,938 divestment of the company's shares and an account share holdings change of -83.3%.

National Bank of Canada is in the Banks Sub Industry Group under the Financials Sector.

National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank's segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank's asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.