Matson, Inc. — Director's Dealing 2016

Aug 31, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matson, Inc. (MATX)
CIK: 0000003453
Period of Report: 2016-08-29

Reporting Person: Angoco Vic S Jr (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-29	Common Stock	M	11476.0000	$20.8400	Acquired	51621.0000	Direct
2016-08-29	Common Stock	S	11476.0000	$36.3500	Disposed	40145.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-29	Stock option	$20.8400	M	11476.0000	Disposed	2021-01-25	Common Stock (11476.0000)	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.