SEC Form 4 · accession 0001225208-15-019504

Matson, Inc. · MATX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO

Period of report

Oct 12, 2015

Accepted (ET)

Oct 13, 2015 · 7:20 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000003453

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F2	Oct 12, 2015	M	16,906	$16.94	A	157,497	D
Common Stock^F2	Oct 12, 2015	M	2,071	$26.94	A	159,568	D
Common Stock^F3	Oct 12, 2015	F	1,684	$43.54	D	157,884	D
Common Stock^F3	Oct 12, 2015	F	11,825	$43.89	D	146,059	D
Common Stock^F4	Oct 13, 2015	S	5,468	$44.206	D	140,591	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock option	$26.94	Oct 12, 2015	M	2,071	D	Jan 25, 2007	Jan 24, 2016	Common Stock	2,071	14,307	D
Stock option	$16.94	Oct 12, 2015	M	16,906	D	Jan 27, 2011	Jan 26, 2020	Common Stock	16,906	0	D

F1The exercise of stock options and corresponding sale of shares reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 8, 2015.
F2The reported number of shares of the Issuer's common stock and the exercise price payable per share were appropriately adjusted, in accordance with the anti-dilution provisions applicable to the option grant, to reflect the distribution by Issuer of the outstanding shares of Alexander & Baldwin, Inc. (a newly-formed subsidiary formerly known as A&B II, Inc.) to the Issuer's stockholders in a pro-rata spin-off transaction at the close of business on June 29, 2012. Those adjustments preserved the intrinsic value that exists with respect to the option grant immediately prior to such distribution.
F3Reflects the number of shares surrendered in connection with the net exercise of the options and the number of shares withheld by the issuer to cover tax obligations relating to the net exercise of the options.
F4This transaction was executed in multiple trades at prices ranging from $43.65 to $44.40. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.