SEC Form 4 · accession 0001127602-18-023927
TOMPKINS FINANCIAL CORP · TMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald J Klein Jr.
Officer — EVP Pres&CEO Mahopac Bank
Period of report
Jul 25, 2018
Accepted (ET)
Jul 27, 2018 · 9:40 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 25, 2018 | M | 11,000 | $41.71 | A | 32,437 | D | |
| Common StockF1 | Jul 25, 2018 | F | 7,522 | $87.71 | D | 24,915 | D | |
| Common StockF2 | holding | — | — | — | 1,321 | I | by 401K/ISOP | |
| Common StockF2 | holding | — | — | — | 3,590 | 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 | Jul 25, 2018 | M | 11,000 | D | — | Sep 17, 2019 | Common Stock | 11,000 | 0 | D |
Explanation of responses
- F1Shares withheld for option cost and taxes.
- F2Includes shares acquired through profit sharing or 401K contributions.
- 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.