SEC Form 4 · accession 0000357301-15-000014
TRUSTCO BANK CORP N Y · TRST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M Poitras
Officer — VP & ASSISTANT SECRETARY
Period of report
Nov 20, 2015
Accepted (ET)
Nov 24, 2015 · 6:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000357301
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | Nov 20, 2015 | M | 1,500 | $0.00 | A | 37,742 | D | |
| COMMON STOCKF1 | Nov 20, 2015 | D | 1,500 | $6.47 | D | 36,242 | D | |
| COMMON STOCKF4 | holding | — | — | — | 69 | I | BY FAMILY |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED STOCK UNITF2,F3 | $0.00 | Nov 20, 2015 | M | 1,500 | D | — | — | COMMON | 1,500 | 0 | D |
Explanation of responses
- F1Reflects cash settlement of 1,500 restricted stock units that settled only for cash.
- F2Each restricted stock unit represents a contingent right to receive a payment in cash equal to the value of one share of Issuer Common Stock on the settlement date.
- F3The restricted stock units "vested" in whole November 20, 2015 and were settled in cash.
- F4The officer no longer has a pecuniary interest in certain shares of family members and therefore these shares have been excluded from the indirect total.
Remarks
Additional shares acquired by reporting person's participating in dividend reinvestment and/or employee benefit plan with dividend reinvestment feature.