SEC Form 4 · accession 0001127602-16-058891
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
Jul 27, 2016
Accepted (ET)
Jul 29, 2016 · 8:29 am EDT
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 | Jul 27, 2016 | M | 1,650 | $37.28 | A | 12,969 | D | |
| Common StockF1 | Jul 27, 2016 | F | 1,029 | $71.58 | D | 11,940 | D | |
| Common Stock | Jul 27, 2016 | M | 2,677 | $37.00 | A | 14,617 | D | |
| Common StockF2 | Jul 27, 2016 | F | 475 | $71.58 | D | 14,142 | D | |
| Common StockF3 | Jul 27, 2016 | F | 1,384 | $71.58 | D | 12,758 | D | |
| Common Stock | holding | — | — | — | 3,426 | I | by 401K/ISOP | |
| Common Stock | holding | — | — | — | 4,002 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy)F4 | $37.2727 | Jul 27, 2016 | M | 1,650 | D | — | Nov 29, 2017 | Common Stock | 1,650 | 0 | D |
| Stock Appreciation Rights (SAR)F5 | $37.00 | Jul 27, 2016 | M | 2,677 | D | — | Aug 19, 2021 | Common Stock | 2,677 | 2,573 | D |
Explanation of responses
- F1Shares withheld for option cost and taxes.
- F2Shares withheld for taxes.
- F3Deemed disposition of shares to satisfy the exercise price.
- F4The stock option becomes exercisable in six annual installments commencing two years after the date of grant.
- F5Stock 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.