SEC Form 4 · accession 0001209191-16-149855
M&T BANK CORP · MTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin J Pearson
Officer — Executive Vice President
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 5:50 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 10, 2016 | M | 27,982 | $121.31 | A | 54,848 | D | |
| Common Stock | Nov 10, 2016 | F | 747 | $133.71 | D | 54,101 | D | |
| Common StockF1 | Nov 10, 2016 | S | 2,758 | $132.7917 | D | 51,343 | D | |
| Common StockF2 | Nov 10, 2016 | S | 4,623 | $134.0377 | D | 46,720 | D | |
| Common StockF3 | Nov 10, 2016 | S | 19,777 | $134.5857 | D | 26,943 | D | |
| Common StockF4 | holding | — | — | — | 2,659 | 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 StockF6,F5 | $121.31 | Nov 10, 2016 | M | 27,982 | D | — | Jan 31, 2017 | Common Stock | 27,982 | 0 | D |
| Phantom Common Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Common Stock | — | 2,400 | I |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $132.15 to $133.07. 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.
- F2This transaction was executed in multiple trades at prices ranging from $133.18 to $134.18. 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.
- F3This transaction was executed in multiple trades at prices ranging from $134.20 to $135.01. 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.
- F4The information presented is as of September 30, 2016.
- F5Currently exercisable.
- F6The 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.
- F7The 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 and distributed 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.