SEC Form 4 · accession 0001567619-18-006874
TRUSTCO BANK CORP N Y · TRST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael M Ozimek
Officer — SENIOR VICE PRESIDENT & CFO
Period of report
Nov 20, 2018
Accepted (ET)
Nov 23, 2018 · 1:42 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,F3 | Nov 21, 2018 | M | 933 | $0.00 | A | 15,237 | D | |
| COMMON STOCKF1,F3 | Nov 21, 2018 | D | 933 | $7.67 | D | 14,304 | D |
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 21, 2018 | M | 933 | D | — | — | COMMON STOCK | 933 | 1,867 | D |
| RESTRICTED STOCK UNITF2,F4 | — | Nov 20, 2018 | A | 3,916 | A | — | — | COMMON STOCK | 3,916 | 3,916 | D |
Explanation of responses
- F1Reflects cash settlement of 933 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.
- F3One third of the restricted stock units awarded November 21, 2017 "vested" on November 21, 2018 and were settled in cash.
- F4The restricted stock units "vest" in whole units in equal installments from the first through third year following the award date, beginning November 20, 2019. Settlement of the restricted stock units will be made in cash only.
Remarks
ADDITIONAL SHARES ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH DIVIDEND REINVESTMENT FEATURE.