Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Trautmann Robert E
2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2008
3. Issuer Name and Ticker or Trading Symbol
People's United Financial, Inc. [PBCT]
(Last)
(First)
(Middle)
C/O PEOPLE'S UNITED BANK, 850 MAIN STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec. VP and GC
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BRIDGEPORT, CT 06604
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 17,986 (1)
D
 
Common Stock 315 (2)
D
 
Common Stock 483 (3)
D
 
Common Stock 882 (4)
D
 
Common Stock 12,100 (5)
D
 
Common Stock 4,392 (6)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Option to Buy   (7) 02/20/2013 Common Stock 2,128 $ 5.3143 D  
Employee Option to Buy   (7) 02/19/2014 Common Stock 3,617 $ 9.4466 D  
Employee Option to Buy   (8) 02/17/2015 Common Stock 4,190 $ 12.0223 D  
Employee Option to Buy   (9) 02/16/2016 Common Stock 2,646 $ 14.9119 D  
Employee Option to Buy   (10) 02/15/2017 Common Stock 1,785 $ 21.6308 D  
Employee Option to Buy   (11) 10/25/2017 Common Stock 46,100 $ 18.1 D  
Employee Option to Buy   (12) 02/21/2018 Common Stock 11,067 $ 16.94 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Trautmann Robert E
C/O PEOPLE'S UNITED BANK
850 MAIN STREET
BRIDGEPORT, CT 06604
      Exec. VP and GC  

Signatures

/s/ Robert E. Trautmann 10/09/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 2,128 shares owned indirectly through the People's United Bank 401(k) Plan. Also includes 240 investment units accrued under the People's United Bank excess benefits plan and 574 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan. Information is based on 9/30/08 Plan statements.
(2) These are restricted shares that vest on 2/1/2009.
(3) These are restricted shares that vest in annual increments on 2/1/2009 (50%) and 2/1/2010 (50%).
(4) These are restricted shares that vest in annual increments on 2/1/2009 (50%); 2/1/2010 (25%); and 2/1/2011 (25%).
(5) These are restricted shares that vest in annual increments of 20% over the course of five years, beginning on the first anniversary of the date of the grant (10/25/07).
(6) These are restricted shares that vest in annual increments on 2/1/2010 (50%); 2/1/2011 (25%); and 2/1/2012 (25%).
(7) These options have vested in accordance with the vesting schedule set forth in the terms of the option grants.
(8) Exercisable in annual increments on 2/1/2007 (50%); 2/1/2008 (25%); and 2/1/2009 (25%).
(9) Exercisable in annual increments on 2/1/2008 (50%); 2/1/2009 (25%); and 2/1/2010 (25%).
(10) Exercisable in annual increments on 2/1/2009 (50%); 2/1/2010 (25%); and 2/1/2011 (25%).
(11) Exercisable in annual increments of 20% over the course of five years, beginning on the first anniversary of the date of the grant (10/25/07).
(12) Exercisable in annual increments on 2/1/2010 (50%); 2/1/2011 (25%); and 2/1/2012 (25%).

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