SEC Form 4 · accession 0001209191-16-154720
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
Dec 8, 2016
Accepted (ET)
Dec 12, 2016 · 4:53 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 | Dec 8, 2016 | M | 15,390 | $121.31 | A | 29,697 | D | |
| Common Stock | Dec 8, 2016 | F | 7,661 | $153.50 | D | 22,036 | D | |
| Common StockF2 | Dec 8, 2016 | S | 6,757 | $154.6569 | D | 15,279 | D | |
| Common StockF3 | holding | — | — | — | 5,208 | I | 401(k) Plan | |
| Common Stock | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F5,F4 | $121.31 | Dec 8, 2016 | M | 15,390 | D | — | Jan 31, 2017 | Common Stock | 15,390 | 0 | D |
| Phantom Common Stock UnitsF3,F6 | — | holding | — | — | — | — | — | Common Stock | — | 3,164 | I |
Explanation of responses
- F1A portion of the option exercise as well as all of the sale transactions were directed by the reporting person's ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
- F2This transaction was executed in multiple trades at prices ranging from $154.645 to $154.728. 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.
- F3The information presented is as of September 30, 2016.
- F4Currently exercisable.
- F5The 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.
- F6The 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.