POWERS WILLIAM D 4
4 · TRUSTCO BANK CORP N Y · Filed Nov 23, 2018
Insider Transaction Report
Form 4
POWERS WILLIAM D
Director
Transactions
- Disposition to Issuer
COMMON STOCK
2018-11-21$7.67/sh−500$3,835→ 65,650 total - Exercise/Conversion
RESTRICTED STOCK UNIT
2018-11-21−500→ 1,000 totalExercise: $0.00→ COMMON STOCK (500 underlying) - Award
RESTRICTED STOCK UNIT
2018-11-20+2,000→ 2,000 total→ COMMON STOCK (2,000 underlying) - Exercise/Conversion
COMMON STOCK
2018-11-21+500→ 66,150 total
Footnotes (4)
- [F1]Reflects cash settlement of 500 restricted stock units that settled only for cash.
- [F2]Each restricted stock unit represents a contingent right to receive a payment in cash equal to the value of one share of Issuer Common Stock on the settlement date.
- [F3]One third of the restricted stock units awarded November 21, 2017 "vested" on November 21, 2018 and were settled in cash.
- [F4]The restricted stock units "vest" in whole units in equal installments from the first through third year following the award date, beginning November 20, 2019. Settlement of the restricted stock units will be made in cash only.