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: Forest Ronald J (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-05	Common Stock	M	16394.0000	$20.8400	Acquired	88519.8292	Direct
2020-11-05	Common Stock	M	12254.0000	$23.7400	Acquired	100773.8292	Direct
2020-11-05	Common Stock	S	200.0000	$55.3800	Disposed	100573.8292	Direct
2020-11-05	Common Stock	S	12254.0000	$54.3852	Disposed	88319.8292	Direct
2020-11-05	Common Stock	S	16194.0000	$54.3685	Disposed	72125.8292	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-05	Stock option	$23.7400	M	12254.0000	Disposed	2022-01-24	Common Stock (12254.0000)	Direct
2020-11-05	Stock option	$20.8400	M	16394.0000	Disposed	2021-01-25	Common Stock (16394.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1516.3660	Indirect

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 $55.31 to $55.45. The price reported above reflects the weighted average sale 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 transaction was executed in multiple trades at prices ranging from $54.25 to $54.63. The price reported above reflects the weighted average sale 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.

F4: This transaction was executed in multiple trades at prices ranging from $54.00 to $55.00. The price reported above reflects the weighted average sale 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.