SEC Form 4 · accession 0001209191-16-149101
M&T BANK CORP · MTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rene F Jones
Officer — Executive Vice President
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 5:20 pm EST
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 Stock | Nov 7, 2016 | M | 15,740 | $121.31 | A | 61,474 | D | |
| Common Stock | Nov 7, 2016 | S | 15,740 | $124.31 | D | 45,734 | D | |
| Common StockF2 | holding | — | — | — | 6,729 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF4,F3 | $121.31 | Nov 7, 2016 | M | 15,740 | D | — | Jan 31, 2017 | Common Stock | 15,740 | 0 | D |
| Phantom Common Stock UnitsF2,F5 | — | holding | — | — | — | — | — | Common Stock | — | 2,435 | I |
Explanation of responses
- F1The reported transaction involved the exercise of stock options and the sale of shares pursuant to a pre-authorized trading plan meeting the requirements of Rule 10b5-1(c)(1) under the Securities Exchange Act of 1934, as amended.
- F2The information presented is as of September 30, 2016.
- F3Currently exercisable.
- F4The option was granted under an employee stock option plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the option.
- 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.