SEC Form 4 · accession 0001140361-17-043769
TRUSTCO BANK CORP N Y · TRST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J McCormick
Officer — President & CEO
Period of report
Nov 21, 2017
Accepted (ET)
Nov 24, 2017 · 4:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000357301
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Nov 21, 2017 | A | 20,000 | A | — | — | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive a payment in cash equal to the value of a share of issued common stock.
- F2The restricted stock units "vest" in whole units in equal installments from the first through third year following the award date, beginning November 21,2018. Settlement of the restricted stock units will be made in cash only.