SEC Form 4 · accession 0001225208-16-042877
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
Dec 6, 2016
Accepted (ET)
Dec 8, 2016 · 2:27 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 6, 2016 | M | 2,016 | $24.72 | A | 42,161 | D | |
| Common StockF2 | Dec 6, 2016 | F | 1,672 | $37.49 | D | 40,489 | 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 | $24.72 | Dec 6, 2016 | M | 2,016 | D | Jan 24, 2008 | Jan 23, 2017 | Common Stock | 2,016 | 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 options and the number of shares withheld by the issuer to cover tax obligations relating to the net exercise of the options.