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Matson, Inc. — Director's Dealing 2015
Sep 11, 2015
31333_dirs_2015-09-11_d3ea57fa-3a05-457d-8e14-303a9b9ad288.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Matson, Inc. (MATX)
CIK: 0000003453
Period of Report: 2015-09-10
Reporting Person: COX MATTHEW J (President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-09-10 | Common Stock | M | 18977.0000 | $16.9400 | Acquired | 159568.0000 | Direct |
| 2015-09-10 | Common Stock | F | 13960.0000 | $36.8400 | Disposed | 145608.0000 | Direct |
| 2015-09-11 | Common Stock | S | 5017.0000 | $36.9115 | Disposed | 140591.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-09-10 | Stock option | $16.9400 | M | 18977.0000 | Disposed | 2020-01-26 | Common Stock (18977.0000) | Direct |
Footnotes
F1: The exercise of stock options and corresponding sale of shares reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 8, 2015.
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.
F3: Reflects the number of shares surrendered in connection with the net exercise of the options and the number of shares withheld by the issuer to cover tax obligations relating to the net exercise of the options.
F4: This transaction was executed in multiple trades at prices ranging from $36.46 to $37.11. 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.