SEC Form 4 · accession 0001127602-19-007438
TOMPKINS FINANCIAL CORP · TMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott L Gruber
Officer — EVP, Pres. & CEO, VIST Bank
Period of report
Feb 20, 2019
Accepted (ET)
Feb 21, 2019 · 2:16 pm 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 | Feb 20, 2019 | M | 2,077 | $40.60 | A | 11,893 | D | |
| Common Stock | Feb 20, 2019 | F | 1,321 | $81.13 | D | 10,572 | D | |
| Common Stock | Feb 20, 2019 | M | 1,772 | $49.22 | A | 12,344 | D | |
| Common Stock | Feb 20, 2019 | F | 1,267 | $81.13 | D | 11,077 | D | |
| Common Stock | holding | — | — | — | 612 | I | by 401(K) ESOP | |
| Common Stock | holding | — | — | — | 3,605 | I | by 401(k)/ISOP |
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)F1 | $40.60 | Feb 20, 2019 | M | 2,077 | D | — | May 3, 2023 | Common Stock | 2,077 | 978 | D |
| Stock Appreciation Rights (SAR)F1 | $49.22 | Feb 20, 2019 | M | 1,772 | D | — | Nov 21, 2024 | Common Stock | 1,772 | 1,703 | D |
Explanation of responses
- F1Stock 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.