SEC Form 4 · accession 0001225208-16-038778
Matson, Inc. · MATX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vic S Angoco Jr.
Officer — Senior Vice President
Period of report
Sep 1, 2016
Accepted (ET)
Sep 2, 2016 · 6:10 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 1, 2016 | M | 8,577 | $23.74 | A | 48,722 | D | |
| Common StockF1 | Sep 1, 2016 | M | 3,585 | $16.94 | A | 52,307 | D | |
| Common Stock | Sep 1, 2016 | S | 307 | $41.1779 | D | 52,000 | D | |
| Common StockF2 | Sep 1, 2016 | S | 5,200 | $39.5021 | D | 46,800 | D | |
| Common StockF3 | Sep 1, 2016 | S | 6,655 | $40.6977 | D | 40,145 | 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 | $23.74 | Sep 1, 2016 | M | 8,577 | D | Jan 25, 2015 | Jan 24, 2022 | Common Stock | 8,577 | 0 | D |
| Stock option | $16.94 | Sep 1, 2016 | M | 3,585 | D | Jan 27, 2013 | Jan 26, 2020 | Common Stock | 3,585 | 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 $39.11 to $40.03. 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 within the ranges set forth in footnotes (2) and (3) of this Form 4.
- F3This transaction was executed in multiple trades at prices ranging from $40.17 to $41.14. The price reported above reflects the weighted average purchase price.