SEC Form 4 · accession 0001127602-15-032550
TOMPKINS FINANCIAL CORP · TMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Boyce
Officer — EVP, Pres. & CEO Tompkins Ins.
Period of report
Nov 24, 2015
Accepted (ET)
Nov 25, 2015 · 10:37 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 | Nov 24, 2015 | M | 9,350 | $41.71 | A | 27,512 | D | |
| Common StockF1 | Nov 24, 2015 | F | 1,043 | $61.46 | D | 26,469 | D | |
| Common StockF2 | Nov 24, 2015 | F | 6,346 | $61.46 | D | 20,123 | D | |
| Common Stock | holding | — | — | — | 506 | I | by 401(k)/ISOP | |
| Common Stock | holding | — | — | — | 1,761 | 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 | Nov 24, 2015 | M | 9,350 | D | — | Sep 17, 2019 | Common Stock | 9,350 | 1,650 | D |
Explanation of responses
- F1Shares withheld for taxes
- F2Deemed disposition of shares to issuer to satisfy exercise price.
- 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.