Matson, Inc. — Director's Dealing 2020

Nov 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Matson, Inc. (MATX)
CIK: 0000003453
Period of Report: 2020-11-05

Reporting Person: Wine Joel M (Sr. VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-05	Common Stock	M	60381.0000	$21.4600	Acquired	194456.0000	Direct
2020-11-05	Common Stock	M	29954.0000	$23.7400	Acquired	224410.0000	Direct
2020-11-05	Common Stock	F	62811.0000	$56.1400	Disposed	161599.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-05	Stock option	$23.7400	M	29954.0000	Disposed	2022-01-24	Common Stock (29954.0000)	Direct
2020-11-05	Stock option	$21.4600	M	60381.0000	Disposed	2021-08-31	Common Stock (60381.0000)	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: 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.