Beardi James J 4
4 · M&T BANK CORP · Filed Jan 19, 2011
Insider Transaction Report
Form 4
Beardi James J
Executive Vice President
Transactions
- Gift
Common Stock
2010-05-14−50,000→ 21,374.47 total - Award
Common Stock
2011-01-14+95.73→ 21,470.2 total - Tax Payment
Common Stock
2011-01-14$86.38/sh−39$3,369→ 21,431.2 total - Gift
Common Stock
2010-05-14+50,000→ 50,000 total(indirect: GRAT #1)
Footnotes (5)
- [F1]On May 14, 2010, the reporting person contributed 50,000 shares of M&T Bank Corporation common stock to a Grantor Retained Annuity Trust ("GRAT #1") of which the reporting person is the trustee and his descendants are beneficiaries. The reporting person continues to report the beneficial ownership of all of the M&T Bank Corporation common stock held by GRAT #1 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F2]The reported transaction involves a transfer of securities by gift for which no payment of consideration was received by the reporting person.
- [F3]The reported transaction involves an award of fully vested restricted stock issued under the M&T Bank Corporation 2009 Equity Incentive Compensation Plan. The stock represents a portion of the reporting person's salary and may be subject to restrictions on transfer. For more information, please see the Current Report on Form 8-K filed by M&T Bank Corporation on January 25, 2010.
- [F4]The restricted stock was granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the restricted stock.
- [F5]The reported transaction involves the receipt of securities by gift for which no consideration was paid by the GRAT.