SEC Form 4 · accession 0001209191-17-007200
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
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 5:18 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 | Jan 31, 2017 | S | 1,055 | $162.3164 | D | 13,169 | D | |
| Common StockF3,F2 | Jan 31, 2017 | A | 1,346 | $0.00 | A | 14,515 | D | |
| Common Stock | Jan 31, 2017 | F | 1,657 | $162.57 | D | 12,858 | D | |
| Common StockF5 | holding | — | — | — | 5,231 | I | 401(k) Plan | |
| Common Stock | holding | — | — | — | 703 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Common Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | — | 3,181 | I |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $162.306 to $162.33. 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.
- F2Shares 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.
- F3The 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.
- F4Shares 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.
- F5The information presented is as of December 30, 2016.
- 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.