SEC Form 4 · accession 0001127602-15-000248
TOMPKINS FINANCIAL CORP · TMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francis M Fetsko
Officer — EVP, COO, CFO & Treasurer
Period of report
Jan 2, 2015
Accepted (ET)
Jan 5, 2015 · 9:22 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001005817
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 2, 2015 | M | 7,480 | $41.71 | A | 18,197 | D | |
| Common StockF1 | Jan 2, 2015 | F | 5,642 | $55.30 | D | 12,555 | D | |
| Common StockF2 | Jan 2, 2015 | F | 736 | $55.30 | D | 11,819 | D | |
| Common Stock | holding | — | — | — | 3,021 | I | by 401K/ISOP | |
| Common Stock | holding | — | — | — | 3,526 | I | by ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Rights (SAR)F3 | $41.7091 | Jan 2, 2015 | M | 7,480 | D | — | Sep 17, 2019 | Common Stock | 7,480 | 3,520 | D |
Explanation of responses
- F1Represents a deemed disposition of shares to the issuer to satisfy the exercise price of the SARs.
- F2Shares withheld for taxes.
- F3Stock Appreciation Rights (SARs) were granted pursuant to the Tompkins Financial Corporation 2009 Equity Plan. SARs have a seven year vesting schedule with 0% vesting in year one, 17% vesting in years two through six, and 15% vesting in year seven. When exercised, the SARs will be settled in Common Stock of the Company. The grant will expire ten years from the date of the grant.