DEVORRIS DONALD 4
4 · M&T BANK CORP · Filed Nov 21, 2003
Insider Transaction Report
Form 4
DEVORRIS DONALD
Director
Transactions
- Exercise/Conversion
Common Stock
2003-11-19$42.50/sh+1,406$59,755→ 30,464 total - Exercise/Conversion
Option (right to buy)
2003-11-19−1,406→ 0 totalExercise: $42.50Exp: 2004-01-03→ Common Stock (1,406 underlying)
Holdings
- 3,250
Common Stock
- 1,408
Phantom Stock Units
→ Common Stock
Footnotes (5)
- [F1]Jointly owned.
- [F2]The reported phantom stock units resulted from the conversion of existing phantom stock units received by the reporting person under a director fee plan maintained by Keystone Financial, Inc., which was acquired by M&T Bank Corporation on October 6, 2000, and represent a like number of shares of M&T Bank Corporation common stock. The phantom stock units may be settled in shares of M&T Bank Corporation common stock or cash upon a distribution in accordance with the terms of the plan. The reported phantom stock units also include units acquired through the reporting person's participation in the dividend reinvestment feature of the plan.
- [F3]The information reported is as of June 30, 2003.
- [F4]Currently exercisable.
- [F5]The option was granted under an employee stock option plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the option.