SEC Form 4 · accession 0001204675-15-000002
BANK OF HAWAII CORP · BOH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald M Takaki
Director
Period of report
Mar 16, 2015
Accepted (ET)
Mar 17, 2015 · 9:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000046195
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 16, 2015 | M | 5,093 | — | A | 47,816 | D | |
| Common Stock | Mar 16, 2015 | S | 10 | $61.58 | D | 47,806 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Direc. Deferred Comp / Plan - BOHC FundF1,F2 | $0.00 | Mar 16, 2015 | M | 5,093 | D | Mar 16, 2015 | — | Common Stock | 5,093 | 0 | D |
Explanation of responses
- F1This transaction represents a distribution from the Bank of Hawaii Corporation Directors' Deferred Compensation Plan pursuant to the reporting person's distribution election. Each phantom share was the economic equivalent of one share of the issuer's common stock. On conversion date, 5,083 of the reporting person's phantom shares held pursuant to the Bank of Hawaii Corporation Directors' Deferred Compensation Plan were settled for an equal number of shares and 10 phantom shares were settled for cash.
- F2Investment election by reporting person to acquire Bank of Hawaii Corporation stock under the Directors' Deferred Compensation Plan restated January 1, 1996 and amended September 1, 1996. Distributions to be made at termination of service as a Director or earlier at Director's option. The expiration date is the same as the exercisable date.