Matson, Inc. — Director's Dealing 2015

Mar 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matson, Inc. (MATX)
CIK: 0000003453
Period of Report: 2015-03-16

Reporting Person: DODS WALTER A JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-16	Common Stock	M	15598.0000	$20.7100	Acquired	137046.3110	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-16	Stock option	$20.7100	M	15598.0000	Disposed	2015-04-27	Common Stock (15598.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000.0000	Indirect

Footnotes

F1: The reported number of shares includes shares acquired under a Dividend Reinvestment Program pursuant to Rule 16a-11.

F2: The reported number of shares of the Issuer's common stock and the exercise price payable per share were appropriately adjusted, in accordance with the anti-dilution provisions applicable to the option grant, to reflect the distribution by Issuer of the outstanding shares of Alexander & Baldwin, Inc. (a newly-formed subsidiary formerly known as A&B II, Inc.) to the Issuer's stockholders in a pro-rata spin-off transaction at the close of business on June 29, 2012. Those adjustments preserved the intrinsic value that exists with respect to the option grant immediately prior to such distribution.