SEC Form 4 · accession 0001225208-15-020993
Matson, Inc. · MATX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald J Forest
Officer — Senior Vice President
Period of report
Nov 13, 2015
Accepted (ET)
Nov 17, 2015 · 4:08 pm EST
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 13, 2015 | M | 7,214 | $26.94 | A | 54,868 | D | |
| Common StockF2,F3 | Nov 13, 2015 | S | 7,214 | $51.0003 | D | 47,654 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option | $26.94 | Nov 13, 2015 | M | 7,214 | D | Jan 25, 2007 | Jan 24, 2016 | Common Stock | 7,214 | 0 | D |
Explanation of responses
- F1The 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.
- F2This transaction was executed in multiple trades at prices ranging from $51.00 to $51.01. 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.
- F3This total includes shares acquired under a Dividend Reinvestment Program exempt pursuant to Rule 16a-11 and a Qualified Plan exempt pursuant to Rule16a-3(f)(1)(i)(B). The total also includes shares held in revocable trust which were previously reported as indirectly held.