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TRST TrustCo Bank Corporation of NY

27.08
0.02 (0.07%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TrustCo Bank Corporation of NY NASDAQ:TRST NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.07% 27.08 26.48 27.36 27.44 26.87 27.05 63,696 01:00:00

Statement of Changes in Beneficial Ownership (4)

23/11/2018 6:55pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MARINELLO ANTHONY J MD PHD
2. Issuer Name and Ticker or Trading Symbol

TRUSTCO BANK CORP N Y [ TRST ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O TRUSTCO BANK CORP NY, 5 SARNOWSKI DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

11/20/2018
(Street)

GLENVILLE, NY 12302
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK   11/21/2018     M    500   (1) (3) A $0   84302   D    
COMMON STOCK   11/21/2018     D    500   (1) (3) D $7.67   83802   D    
COMMON STOCK                  10247   I   BY FAMILY  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
RESTRICTED STOCK UNIT   $0   (2) 11/21/2018     M         500      (3)   (3) COMMON STOCK   500   $0   1000   D    
RESTRICTED STOCK UNIT     (2) 11/20/2018     A      2000         (4)   (4) COMMON STOCK   2000   $0   2000   D    

Explanation of Responses:
(1)  Reflects cash settlement of 500 restricted stock units that settled only for cash.
(2)  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.
(3)  One third of the restricted stock units awarded November 21, 2017 "vested" on November 21, 2018 and were settled in cash.
(4)  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.

Remarks:
ADDITIONAL SHARES ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH DIVIDEND REINVESTMENT FEATURE.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MARINELLO ANTHONY J MD PHD
C/O TRUSTCO BANK CORP NY
5 SARNOWSKI DRIVE
GLENVILLE, NY 12302
X



Signatures
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY 11/23/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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