SEC Form 4 · accession 0001225208-15-021422

Matson, Inc. · MATX

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

Reporting owner

Director

Period of report

Nov 23, 2015

Accepted (ET)

Nov 24, 2015 · 4:34 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
Common Stock^F1	Nov 23, 2015	M	15,598	$25.04	A	56,389	D
Common Stock^F2	Nov 23, 2015	F	7,516	$51.96	D	48,873	D
Common Stock^F3,F4	Nov 24, 2015	S	8,082	$51.7009	D	40,791	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock option	$25.04	Nov 23, 2015	M	15,598	D	Apr 27, 2007	Apr 26, 2016	Common Stock	15,598	0	D

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.
F2Reflects the number of shares surrendered in connection with the net exercise of the option.
F3This transaction was executed in multiple trades at prices ranging from $51.70 to $51.72. 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.
F4The reported number of shares includes shares acquired under a Dividend Reinvestment Program pursuant to Rule 16a-11.