SEC Form 4 · accession 0001225208-15-022072
Matson, Inc. · MATX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Chun
Director
Period of report
Dec 10, 2015
Accepted (ET)
Dec 10, 2015 · 8:24 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 | Dec 10, 2015 | M | 15,598 | $25.04 | A | 63,923 | D | |
| Common StockF2,F3 | Dec 10, 2015 | F | 8,443 | $46.26 | D | 55,480 | D | |
| Common StockF3 | holding | — | — | — | 174 | I | By Custodian For Child |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option | $25.04 | Dec 10, 2015 | M | 15,598 | D | Apr 27, 2007 | Apr 26, 2016 | Common Stock | 15,598 | 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.
- F2Reflects the number of shares surrendered in connection with the net exercise of the option.
- F3The reported number of shares includes shares acquired under a Dividend Reinvestment Program pursuant to Rule 16a-11.