SEC Form 4 · accession 0001209191-16-149126
M&T BANK CORP · MTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren J King
Officer — E.V.P./Chief Financial Officer
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 5:40 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 StockF1 | Nov 12, 2015 | G | 690 | $0.00 | D | 17,983 | D | |
| Common Stock | Nov 7, 2016 | M | 8,762 | $91.28 | A | 26,745 | D | |
| Common Stock | Nov 7, 2016 | S | 8,762 | $123.01 | D | 17,983 | D | |
| Common Stock | Nov 8, 2016 | M | 1,238 | $91.28 | A | 19,221 | D | |
| Common StockF4,F5 | Nov 12, 2015 | G | 230 | $0.00 | A | 230 | I | By Son |
| Common StockF4,F6 | Nov 12, 2015 | G | 230 | $0.00 | A | 230 | I | By Daughter |
| Common StockF4,F6 | Nov 12, 2015 | G | 230 | $0.00 | A | 230 | I | By Daughter |
| Common StockF7 | holding | — | — | — | 2,075 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F9,F8 | $91.28 | Nov 7, 2016 | M | 8,762 | D | — | Jan 31, 2018 | Common Stock | 8,762 | 9,220 | D |
| Option (right to buy)F9,F8 | $91.28 | Nov 8, 2016 | M | 1,238 | D | — | Jan 31, 2018 | Common Stock | 1,238 | 7,982 | D |
| Phantom Common Stock UnitsF7,F10 | — | holding | — | — | — | — | — | Common Stock | — | 124 | I |
Explanation of responses
- F1The reported transaction involves a transfer of securities by gift for which no payment of consideration was received by the reporting person.
- F10The 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.
- F2The 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.
- F3The reported transaction involved the exercise of stock options 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.
- F4The reported transaction involves a transfer of securities by gift for which no consideration was paid.
- F5These shares are owned by the son of the reporting person through a custodial account under the Uniform Transfers to Minors Act for which the reporting person is custodian.
- F6These shares are owned by the daughter of the reporting person through a custodial account under the Uniform Transfers to Minors Act for which the reporting person is custodian.
- F7The information presented is as of September 30, 2016.
- F8Currently exercisable.
- F9The 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.