Matson, Inc. — Director's Dealing 2015

Nov 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matson, Inc. (MATX)
CIK: 0000003453
Period of Report: 2015-11-13

Reporting Person: Forest Ronald J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-13	Common Stock	M	7214.0000	$26.9400	Acquired	54867.9107	Direct
2015-11-13	Common Stock	S	7214.0000	$51.0003	Disposed	47653.9107	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-13	Stock option	$26.9400	M	7214.0000	Disposed	2016-01-24	Common Stock (7214.0000)	Direct

Footnotes

F1: 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.

F2: This transaction was executed in multiple trades at prices ranging from $51.00 to $51.01. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: This total includes shares acquired under a Dividend Reinvestment Program exempt pursuant to Rule 16a-11 and a Qualified Plan exempt pursuant to Rule16a-3(f)(1)(i)(B). The total also includes shares held in revocable trust which were previously reported as indirectly held.