SEC Form 4 · accession 0001209191-17-007180
M&T BANK CORP · MTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gino A. Martocci
Officer — Executive Vice President
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 5:12 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 StockF2,F1 | Jan 31, 2017 | A | 1,495 | $0.00 | A | 12,747 | D | |
| Common Stock | Jan 31, 2017 | F | 2,067 | $162.57 | D | 10,680 | D | |
| Common Stock | Feb 1, 2017 | S | 3,079 | $164.98 | D | 7,601 | D | |
| Common StockF4 | holding | — | — | — | 1,611 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Common Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock | — | 307 | I |
Explanation of responses
- F1Shares issued pursuant to vesting of performance-based restricted stock units that were granted to the reporting person on January 31, 2014, upon achievement of performance goals under the 2009 M&T Bank Corporation Equity Incentive Compensation Plan.
- F2The performance-based restricted stock units were granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the performance-based restricted stock units.
- F3Shares withheld for taxes upon the vesting of restricted stock and the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.
- F4The information presented is as of December 30, 2016.
- 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.