SEC Form 4 · accession 0001209191-16-150517
M&T BANK CORP · MTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J. Todaro
Officer — Executive Vice President
Period of report
Nov 15, 2016
Accepted (ET)
Nov 16, 2016 · 4:21 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 15, 2016 | M | 7,870 | $121.31 | A | 10,842 | D | |
| Common Stock | Nov 15, 2016 | S | 8,788 | $136.05 | D | 2,054 | D |
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)F3,F2 | $121.31 | Nov 15, 2016 | M | 7,870 | D | — | Jan 31, 2017 | Common Stock | 7,870 | 0 | D |
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.
- F2Currently exercisable.
- F3The 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.