SEC Form 4 · accession 0001209191-18-007098
M&T BANK CORP · MTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Spychala
Officer — Sr. VP & Controller
Period of report
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 5:37 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, 2018 | A | 399 | $0.00 | A | 31,041 | D | |
| Common Stock | Jan 31, 2018 | F | 127 | $190.78 | D | 30,914 | D | |
| Common StockF4 | holding | — | — | — | 1,366 | I | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F6,F5 | $190.78 | Jan 31, 2018 | A | 591 | A | — | Jan 31, 2028 | Common Stock | 591 | 591 | D |
Explanation of responses
- F1Shares issued pursuant to vesting of performance-based restricted stock units that were granted to the reporting person on January 31, 2017, 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 settlement in shares of performance-based restricted stock units previously granted to the reporting person.
- F4The information presented is as of December 29, 2017.
- F5The option granted includes a total of 591 shares. 197 of the shares are exercisable on or after January 31, 2019; an additional 197 of the shares are exercisable on or after January 31, 2020; and the remaining 197 shares are exercisable on or after January 29, 2021.
- F6The option was granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the option.