SEC Form 4 · accession 0001209191-16-146776
M&T BANK CORP · MTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Scott N Warman
Officer — Executive Vice President
Period of report
Oct 21, 2016
Accepted (ET)
Oct 24, 2016 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036270
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 21, 2016 | S | 2,000 | $118.7196 | D | 15,307 | D | |
| Common StockF2 | holding | — | — | — | 5,208 | I | 401(k) Plan | |
| Common StockF3,F4 | holding | — | — | — | 699 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Common Stock UnitsF2,F5 | — | holding | — | — | — | — | — | Common Stock | — | 3,164 | I |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $118.59 to $118.924. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2The information presented is as of September 30, 2016.
- F3Includes 8.48 shares acquired between April 1, 2016 and September 30, 2016 through the reporting person's participation in a dividend reinvestment plan meeting the requirements of Rule 16a-11.
- F4The holdings have been adjusted to reflect the reporting person transferring 690.911 shares of MTB common stock to his former spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securites owned by his former spouse.
- F5The reported phantom common stock units are held by the reporting person in an excess benefit plan account maintained by M&T Bank Corporation and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units may only be settled in cash upon distribution in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.