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 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 * Klein John A   2. Issuer Name and Ticker or Trading Symbol People's United Financial, Inc. [PBCT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO (Last) (First) (Middle) PEOPLE'S BANK 850 MAIN STREET 3. Date of Earliest Transaction (Month/Day/Year) 04/16/2007 (Street) BRIDGEPORT, CT 06604 4. If Amendment, Date 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 (City) (State) (Zip) 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) Code V Amount (A) or (D) Price Common Stock 04/16/2007   P   100,000 A $ 20 579,871 (1) (2) D

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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 Underlying Securities (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
Employee Option to Buy	$ 6.5477 (1)	05/20/1999(3)		J(1)		141,750		(4)	05/20/2009	Common Stock	141,750	$ 0	141,750 (1)	D
Employee Option to Buy	$ 5.6085 (1)	03/01/2001(3)		J(1)		340,200		(4)	03/01/2011	Common Stock	340,200	$ 0	340,200 (1)	D
Employee Option to Buy	$ 4.782 (1)	02/21/2002(3)		J(1)		47,250		(4)	02/21/2012	Common Stock	47,250	$ 0	47,250 (1)	D
Employee Option to Buy	$ 5.3143 (1)	02/20/2003(3)		J(1)		141,750		(4)	02/20/2013	Common Stock	141,750	$ 0	141,750 (1)	D
Employee Option to Buy	$ 9.4466 (1)	02/19/2004(3)		J(1)		141,750		(4)	02/19/2014	Common Stock	141,750	$ 0	141,750 (1)	D
Employee Option to Buy	$ 12.0223 (1)	02/17/2005(3)		J(1)		98,564		(4)	02/17/2015	Common Stock	98,564	$ 0	98,564 (1)	D
Employee Option to Buy	$ 14.9119 (1)	02/16/2006(3)		J(1)		88,604		(4)	02/16/2016	Common Stock	88,604	$ 0	88,604 (1)	D
Employee Option to Buy	$ 21.6308 (1)	02/15/2007(3)		J(1)		36,530		(4)	02/15/2017	Common Stock	36,530	$ 0	36,530 (1)	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Klein John A PEOPLE'S BANK 850 MAIN STREET BRIDGEPORT, CT 06604	X		President and CEO

Signatures

/s/ Robert E. Trautmann for John A. Klein by Power of Attorney		04/18/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	On April 16, 2007, People's United Financial, Inc. ("People's United") became the holding company of People's Bank pursuant to a conversion and related stock offering. As a result of the conversion and offering, each share of People's Bank common stock previously owned by the reporting person was exchanged for 2.100 shares (the "exchange ratio") of People's United common stock. In addition, each outstanding employee option to buy shares of People's Bank common stock has been exchanged for an employee option to buy shares of People's United common stock pursuant to the exchange ratio (with a corresponding adjustment to the exercise price), and each share of People's Bank common stock owned indirectly through the People's Bank 401(k) plan has been exchanged for shares of People's United common stock in accordance with the exchange ratio. In addition, each investment unit accrued under the People's Bank excess benefits plan was adjusted to reflect the exchange ratio.
(2)	Includes 97,779 shares owned indirectly through the People's Bank 401(k) Plan (including 256 shares acquired through dividend reinvestment). Also includes 25,542 investment units accrued under the People's Bank excess benefits plan. Information is based on 3/31/07 Plan statement, adjusted to reflect the exchange ratio described above in note 1.
(3)	Reflects the date of grant by the predecessor to the issuer. See note 1 above.
(4)	Exercisable in annual increments beginning on the second anniversary (50%), third anniversary (25%), and fourth anniversary (25%) of the date of grant.

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